Cost Accounting Status on Item Records
Inventory and assembly item records include a Cost Accounting Status field that shows the state of Cost Accounting calculations for that item. If Multi-Location Inventory is enabled, the status is identified per location.
This field is hidden by default. Customize the item page to display this field. For more information, see Creating Item Records.
The Cost Accounting Status indicated can be one of the following:
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In Queue – flagged for Cost Accounting but calculations aren't running yet
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In Process – flagged for Cost Accounting and calculations are currently running
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Completed – not flagged for Cost Accounting and calculations aren't running
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Error – Cost Accounting calculations failed
When you enter a new transaction that affects Cost Accounting, NetSuite sets the item's cost accounting status to In Queue if the current status is Completed or Blank. If the item status is In Process or Error, the status isn't reset.
The Cost Accounting Status indicated for serial or lot numbered items can be one of the following:
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Pending – flagged for Cost Accounting but calculations aren't running yet
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Processing – flagged for Cost Accounting and calculations are currently running
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Complete – not flagged for Cost Accounting and calculations aren't running
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Failed – Cost Accounting calculations failed
The Cost Accounting Status field is blank if cost accounting calculations have never been run for the item/location.
Related Topics
- Setting Inventory Costing Preferences
- Costing Methods
- Selecting a Default Cost of Goods Sold (COGS) Account
- Inventory Costing and Assembly Items
- LIFO/FIFO Inventory Costing and Advanced Receiving
- System Cost of Goods Sold Adjustments
- Viewing Inventory Reports
- Inventory Costing Recalculations
- Troubleshoot Inventory Costing
- Item Return Costing
- Group Average Costing
- Standard Costing
- Item Costing