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!