Setting Up Inventory Count
To use the inventory count feature complete the following procedures:
To enable inventory count:
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Go to Setup > Company > Enable Features.
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Click the Items & Inventory subtab.
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Check the Inventory Count box.
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Click Save.
To set up preferences:
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Go to Setup > Accounting > Accounting Preferences.
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On the Items/Transactions subtab, you can enable the following inventory count preferences:
Note:You can enable the Show Display Name with Item Codes preference to view both the item name and display name of an item on inventory count records. To set this preference in your account, go to Setup > Company > General Preferences. For more information, see Setting General Account Preferences.
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Default Inventory Count Account – Select the default account to which you want to post inventory count variances to. It is typically an expense account.
When you create inventory counts, the Account field automatically shows your selected default account.
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Recalculate Snapshot on Inventory Count Reject – Check this box if you want to automatically take a new snapshot of the items when you reject a count.
If you process transactions during inventory counts, this preference enables you to consider updates to on-hand quantities. When you reject a count, NetSuite updates the adjustment quantities and variance details based on the new snapshot. For more information, see Working with an Inventory Count.
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Click Save.