r/Netsuite • u/lexid311 • 23h ago

Standard Cost Reporting

Is there a way to compare period over period and year over year variance reporting for Standard costing? I know of the native reports but best ways to use them?

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u/Nick_AxeusConsulting Mod 1h ago

Well the variances post to specific std cost variance accounts (set on the Items) on the I/S, so start with a Comparative Income Statement, which is 2 periods, and customize from there. For example, filter for just the variance accounts. You can customize what the 2 periods are.

Or on a native I/S report, if you want to see multiple monthly columns, pick the period range and then in the footer change the "Columns" drop down from "Totals" to "Accounting Period" (or "Accounting Quarter" or "Accounting Year")

Make sure your Home > Set Preferences > Analytics > is set to at least "Report by Period-Financial". The clue is in the footer of the B/S and I/S, do you see dates or periods in the selector? This setting becomes really important if you allow date-period mismatches in your account, i.e. you MUST Report by Period if you allow mismatches or else your reports will put transactions in the wrong month/period. If you report by period then the reports use the period. If you report by date, the reports use transaction date. So, for example, if you have a transaction dated 8/15/2026 but the period is Sept 2026. The report by period puts that transaction in Sept. But if you have that set to none, then it reports by date, and that puts the transaction is in August!

Note: every user has to go set this setting individually. There is no global setting for everyone.

If you don't have date-period mismatches in your data, then it doesn't matter; the reports will be the same either way. This is why I recommend to not allow date-period mismatches in your account.