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Check out this thread to learn more!
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Don’t miss your chance to meet our SuiteGurus—NetSuite Support professionals and subject matter experts with extensive experience in select product areas, including OneWorld, Advanced & Basic Accounting, Supply Chain Management, Receivables & Payables, CRM, Account Administration, and the SuiteCloud Platform. Full Conference attendees can prebook exclusive 30-minute one-on-one sessions for your product questions.
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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.
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