RE: How to issue office supplies inventory in NetSuite


For some reason I can’t figure out how to issue inventory such as office supplies using inventory module.

Like, warehouse and issue it to accounting or admin, etc

Should be entry is debit Office supplies exp / credit Inventory

There is a transaction called Inventory Adjustment, but why use just one inventory account? I have different expense accounts for inventory items.


Jeff024 Rookie Asked on March 15, 2020 in Inventory.
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4 Answers

Why not accounts? Supposedly it’s a very basic type of transaction. A department requesting office supplies from the warehouse or even admin, and so the inventory custodian should be able to withdraw the said inventory from the stock balance through a simple type of system transaction. Without really identifying the accounts to use, just the inventory item because inventory custodians does not know anything about which account to use. Supposedly it’s just, identifying which department, what item, and how many. Then click save or submit to automatically remove the the items from inventory from balance sheet and record the same as expense in income statement.

It’s so weird that NetSuite does not saw this thing happening. All you can see in inventory module is a bunch of inventory transfers, location to location, no way withdrawal like consume to expense the inventory.

Rookie Answered on March 16, 2020.
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