When the inventory count is submitted, your store's inventory records are updated and including cost figures. After an inventory count is created, click Start Count on the record to begin the process. So that they can be individually tracked as part of the counting process. That allow for real-time updating of the inventory count. The Inventory subtab shows count data, including the last count date and next count date.
Nexus is a legal term that refers to the requirement for companies doing business in any country to collect and pay tax on sales in that country. Nexus is used to determine different sales and purchase taxes for a subsidiary. Each country has its own rules for determining nexus. Nexuses are part of the NetSuite Advanced Taxes feature, which is required for NetSuite OneWorld. Each subsidiary must be associated with at least one nexus.
Commission calculations are usually complex and can vary widely from organization to organization. Previously, you may have been manually calculating & maintaining these calculations in an Excel application, but NetSuite has an Incentive Compensation module that can assist with these calculations, as well as tracking, authorization, and payments.
You can change the quantity and values are Increases or decreases made in inventory to account thefts,loss,breakages and errors in the amount or number of item received. The items increases or decreases made to inventory to match and item’s actual on hand-quantity. An adjustment to a single item only. If you need to update the quantities of several items.
- It is the amount of work that has started on an item, but has not been delivered to a customer (or) received payment for the item.
- In a manufacturing setting, items that have been received at the factory, but have not been delivered to the customer.
- The manufacturing work in process feature tracks the Work orders through the entire production process in steps, gathering materials through assembly and stocking finished goods.