NetSuite Tutorial: Short&Suite: Converting Non Inventory Items to Inventory Items
In this video, NetSuite consultant Stephanie walks you through how to convert a non-inventory item into a regular inventory item. This might be useful if an item becomes more popular and you need to start tracking stock levels.
The video covers:
Identifying a non-inventory item for resale
Using the "Convert to Inventory" button
Assigning a different COGS account
Saving the new inventory item
(Important) The conversion being irreversible
Accessing the item's transaction history (including non-inventory period)
Creating a purchase order to add stock
Fulfilling a sales order and verifying the COGS account update
Watch to learn how to effectively manage your inventory in NetSuite!