megaphone
Update your Profile with your Support type to get your Support Type badge.
Nominate Your Peers for NetSuite Support Community's Choice of the Quarter! Submit your nomination today.
Stay in the know of how NetSuite can help grow your business with our guides, webinars, and events. Subscribe Here
What Topic Should We Cover Next? Your idea could be our next feature—drop your suggestion now!
No Limits. Just possibilities. Join us for complimentary one-day events around the world and step into a future fueled by AI and limitless potential. Discover what's next at SuiteConnect Tour 2026.
Try Intelligent Payment Automation – Fee Free For Your First Month For more information, visit this thread.
New AI Community Guidelines. Please review and follow them to ensure AI use stays safe, accurate, and compliant.

Discussions
Stay up-to-date with the latest news from NetSuite. You’ll be in the know about how to connect with peers and take your business to new heights at our virtual, in-person, on demand events, and much more.
New AI Community Guidelines. Please review and follow them to ensure AI use stays safe, accurate, and compliant.

*COMPLEX* COGS and liability accounts with sales transactions

in Accounting / ERP

Hello, everyone.

I have a particularly hairy accounting question.

Our company sells custom-made men's dress shirts, and as a result our accounting is very strange.  When we make a sale, we receive the cash ~2 weeks in advance of the goods shipping, and therefore have to recognize a liability in "unshipped product" on our balance sheet.  Also, we receive a bill from our manufacturing partner at end of the month rather than when they make the shirt (and the COGS should have been recognized when the shirt was made and the sale was shipped), and we create a payable as the offsetting transaction.

Howdy, Stranger!

Log In

To view full details, sign in.

Register

Don't have an account? Click here to get started!

Leaderboard

This Week's Leaders

This Month's Leaders

All Time Leaders