Enabling Standard Costing

To use standard costing for items, an administrator should first enable the feature. This way, item records can use Standard in the Costing Method field.

If you haven't already enabled the Multi-Location Inventory feature, you should enable it to use Standard Costing.

Note:

Before you enable the feature, verify that the preference to Use Item Cost as Transfer Cost is disabled. For information about this preference, see Transfer Order Preferences.

To enable Standard Costing:

  1. Go to Setup > Company > Setup Tasks > Enable Features.

  2. Click the Items & Inventory subtab.

  3. Verify that the Inventory box is checked.

  4. Check the Standard Costing box.

  5. Click Save.

After you enable the feature, NetSuite automatically creates a default cost category. This category is used by default for all new inventory, assembly, and service item records you create. For information about creating additional cost categories, see Creating Cost Categories.

Related Topics

General Notices