Discussions
Join the NetSuite community to innovate, connect, and discover what’s next.
SuiteWorld brings thousands of innovators, builders, and leaders together to learn, connect, and shape what’s next. This October, explore how to build a stronger foundation for growth through inspiring keynotes, major product reveals, hands-on sessions, and unforgettable moments—all in one place for our biggest event of the year. Register now
Landed Cost function appears to be incorrect
I think there may be an issue with landed cost.
I found this to be the case on the beta and made a report. I’ve now tried it for real and I think it’s the same problem.
To make landed cost work, I think you have to do the following:
1. Create Expense Accounts to temporally hold the cost of shipping e.g. duty, freight, etc. These are in essence suspense accounts on the P&L as they should be zero once all landed costs have been correctly applied. Personally I think I’d have preferred these to be on the B/L as prepayments (current assets) to give a better management account picture, but that’s neither here nor there currently. I think that’s easy enough for NetSuite to change – just allow the accounts to be set up anywhere on the CoA.