Discussions
Join us for complimentary one-day events around the world and step into a future fueled by AI and limitless potential. Explore new breakthroughs, sharpen your skills, and connect with experts who are shaping what’s next. Experience bold keynotes, interactive learning, and connections that span the global NetSuite community. Discover what's next at SuiteConnect Tour 2026.
We’re excited to announce that the 2025 Community Recap is now available! This special recap highlights the amazing contributions and achievements of our members over the year and celebrates the collective success of our community.
Check your personalized recap to see the impact you made in 2025 and how your efforts helped shape our community’s growth and success.
View Your 2025 Community Recap
Thank you to everyone for your passion, collaboration, and support. Here’s to building an even stronger community together in the year ahead!
Not all inbound shipping is a COGS - right?
I have a mental block about most accounting concepts and COGS and shipping is a big one! OK, just for a sanity check can someone (or multiple) confirm the following:
[LIST=1]
[*]Not all inbound shipping charges from suppliers are COGS. For examples a shipment of office supplies would not be considered COGS while a shipment of raw materials would. I am correct that we must post vendor shipping charges to a minimum of 2 accounts: a COGS shipping account and a normal EXPENSE shipping account.
[*]If a Bill from a supplier has 2 lines, line #1 is office supplies, line #2 is production materials. The Bill has a single shipping charge. We would need to break that shipping charge up and post the appropriate portion to the COGS shipping and the balance to the EXPENSE shipping? (this is basically an extension of question #1)
Steve Klett | Senior Developer
NetValue Technology
