Reviewing Negative Inventory in NetSuite

🚨 Do you need to review and reconcile negative inventory in NetSuite? 🚨

This tutorial will show you how to review and reconcile negative inventory in NetSuite.

Step-by-Step Guide 📋

1. Navigate to Setup Menu 🖥️
   • Go to the Menu: Setup > Accounting.
2. Access Manage Accounting Periods 📊
   • In the Manage G/L section, click on Manage Accounting Periods.
3. Select the Accounting Period 📅
   • Look for the accounting period you want to change.
   • Select the checklist icon for the period.
4. Review Negative Inventory 🛠️
   • Once the period is open, choose Review Negative Inventory.
   • You can change the as of date if necessary.
5. Filter by Location 📍
   • If using multi-location inventory, filter by location to focus on specific inventory.
6. Adjust Inventory Amounts ⚙️
   • Adjust inventory amounts in the table below to correct negative counts.
7. Complete the Task ✅
   • Once everything is adjusted, go back and mark the task as complete.
   • Note: You can complete the task even if some inventory counts remain negative.
8. Track Completion 📝
   • The closed period checklist logs the date and user of completion.

Congratulations! 🎊 You’ve successfully reviewed negative inventory in NetSuite.🌟🎉

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