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.
Now is the time to ask your NetSuite-savvy friends and colleagues to join the NetSuite Support Community! Refer now! Click here to watch and learn more!
New AI Community Guidelines. Please review and follow them to ensure AI use stays safe, accurate, and compliant.
Stay in the Know
Be sure you're subscribed to NetSuite communication to stay in the know about monthly happenings, updates and announcements. Subscribe
Be sure you're subscribed to NetSuite communication to stay in the know about monthly happenings, updates and announcements. Subscribe
Gross profit reconciliation - is this not possible?
I have reviewed the threads re gross profit reporting and have spent some time now trying to create that will somehow allow me to calculate and report Gross profit.
My Issue is simple in theory:-
1. I select the Profit KPI and/or run a P&L report in Netsuite and get
my totals for
Sales X (this is made up of Freight Income, Sales and Sales Discounts)
Purchases Y (COGS and Stock Adjustments)
Sales - Purchase gives me my Gross Profit Z
I then have attempted to create a save search that allows me to identify the Gross Profit at a transaction level by performing a transaction saved search. Using formulas I have reached the point where I can at least reconcile the overral totals on the P&L for Sales and Purchases.
0