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Join us for complimentary one-day events around the world and step into a future fueled by AI and limitless potential. Explore new breakthroughs, sharpen your skills, and connect with experts who are shaping what’s next. Experience bold keynotes, interactive learning, and connections that span the global NetSuite community. Discover what's next at SuiteConnect Tour 2026.
NetSuite launches new wholesale distributions solution in Japan in January 2026!
NetSuite has launched SuiteSuccess Wholesale Distribution Edition, in Japan. Please join us the webinar on February 12 that introduces NetSuite solution with demos and case studies for Wholesale Industry.
Register Now
NetSuite has launched SuiteSuccess Wholesale Distribution Edition, in Japan. Please join us the webinar on February 12 that introduces NetSuite solution with demos and case studies for Wholesale Industry.
Register Now
NetSuite 2026.1 Release Notes - This document summarizes the changes to NetSuite between 2026.1 and the previous release.
Have questions or experiences to share? Post your Release 2026.1 questions and join discussions in the Release 2026.1 category.
Have questions or experiences to share? Post your Release 2026.1 questions and join discussions in the Release 2026.1 category.
Move Inventory from Balance Sheet to Income Statement and attach the cost to a Project
I’m hoping for someone to help with best practice in this situation
Background: We are a small company. Most of our work is on a fixed-price one-off project basis. We buy most of the parts for our projects as Non-Inventory Items and point the COGS/Expense account for these items to our Direct Material Income Statement account. We satisfy the Matching Principle by adjusting our Revenue using the Earned Value methodology.
Once the project is designed, our engineers issue a BOM and our purchasing person buys most of the Non-Inventory Items and the costs go directly to the Income Statement.
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