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!
Update your Profile with your Support type to get your Support Type badge.
Don't miss out on our Pop Quiz You only have until November 7, 2025, 2:00PM ET to comment your answers and earn rewards! Click here for more details.
Uncover the power of data with the Analytics Hub —your ultimate guide to mastering NetSuite Saved Searches and Reports. Simplify the complex and unlock your organization's true potential. Dive into the Analytics Hub now and soar to new heights!
To help you get the most out of your 2025.2 Release Preview account, review the topics outlined in the 2025.2 Release Preview Guide.
Nominate Your Peers for NetSuite Support Community's Choice of the Quarter! Submit your nomination today.
Intelligent Payment Automation version 1.0.3 is now available in the SuiteApp Marketplace. The SuiteApp, powered by BILL, lets you automate payments, manage vendor details, and bank account information within NetSuite. Learn more
COGS for historical transactions
We are looking to import a years worth of transactional data. We are forced to use inventory items (even though we do not keep an actual inventory) because we were told that this was the only way to use these items on our website.
The problem arises when cost is calculated. There is no way to specify the cost of the item at the time of that transaction (in the past). Cost is always calculated based on the average cost (value / QoH).
Lets say we know the average cost of that item in the last year (this still ends up being a workaround, not the optimal solution), there seems to be no way to set an initial value of inventory during the import. Only QoH, location, reorder point, and preferred stock level.
0