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Action Required: Review and submit pending reconciliation matches before the NetSuite upgrade to avoid rework. After 26.2, unsubmitted matches will be unmatched. For more details, see SuiteAnswers 1047397

Questions on Inv. Value-Gross Profit fields

edited Dec 6, 2019 10:06AM in Accounting / ERP 19 comments

I've been doing some testing, and I am confused by what I am seeing- so I am hoping that some kind NS soul can clarify for me.

I ran a pretty simple test- created an SO, then a PO, received the PO, fulfilled and invoiced the SO.  Straightforward. 

I was then looking at the Inventory Profitability report- specifically the 'Gross Profit' Fields.

The calculated GP was not reflecting what I expected - it had a very different number.  In my efforts to determine the difference, I found that the report is picking up the average (costing method in this database) purchase price for the item I tested with.  It appears to pick this up from the invoice gl COGS impact, not the amount I actually set in the PO.  (there weren't any items on hand so I brought them in with the PO)

~angela

Angela Bayliss

Jade Global - SW Florida

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