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New AI Community Guidelines. Please review and follow them to ensure AI use stays safe, accurate, and compliant.

Is it possible to calculate a dynamic COGs based on sales order sales price?

edited Jun 21, 2024 6:54PM in Ask A Guru 2 comments

Hi NS Community!

My company does something a bit unique, (at least i think it is) and I'm not sure if the way we handle it in NetSuite is the correct way. Let me explain...

We sell "products" on behalf of our partners for a 10% commission. We also pay about a 10% fee in order to "ship" the products. The inventory is not owned by us. At the time of sale, we "purchase" the inventory from the partner (which we have tracked in a "partner warehouse"). It hits our "owned" inventory for a brief period of time, before it is transferred to the customer. 

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