Discussions
Be sure you're subscribed to NetSuite communication to stay in the know about monthly happenings, updates and announcements. Subscribe
We are having discrepancies with our COGS account in the income statement vs the "Est. Extended Cost
We would like a saved search that has the following information:-
- Sales Order #,
- IF Ref with it GL cost ie agrees to GL
- Invoice Document number with the :Est. Extended Cost (line)
- Variance between these two numbers
We are running a simple CUSTOMER SALES SUMMARY REPORT report but it is not agreeing to the P&L. I get there are journals that make it not tie but when comparing it on a customer by customer basis - it is not agreeing... Any suggestions?
There are loads of help on looking for dates inconsistencies. I suspect this is from an accounting perspective, the COGS associated with the IF should be going to a "Shipped but NOt invoiced COGS" account and then once the invoice is issued, it should be moved over to the actual COGS account to match the sales invoice timing... It is no different from having a accrued purchases account - we have received goods but not got the invoice!