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
How Can I Record & Amortize Costs Efficiently to Match Revenue?
Hi Gurus!
I hope all is well :) I need some help to understand a topic please and I was hoping you may have a ready test case available. I searched through the archives but did not see anything close.
Scenario: Let's say I have a sales order that will be handled by ARM and it has 2 items in it. Item 1's "known" costs are $120 and sales price (SP) is $1200.
And Item 2's already known, incurred in advance for the benefit of the sales order is $240 and sales price is $2400.
And let's say I have, on top of these costs, a contract-level cost of $480.
0