megaphone
Update your Profile with your Support type to get your Support Type badge.
Nominate Your Peers for NetSuite Support Community's Choice of the Quarter! Submit your nomination today.
Expand your NetSuite knowledge by joining our Ask A Guru Live sessions. RSVP on this event now.
Now is the time to ask your NetSuite-savvy friends and colleagues to join the NetSuite Support Community! Refer now! Click here!
What Topic Should We Cover Next? Your idea could be our next feature—drop your suggestion now!
No Limits. Just possibilities. Join us for complimentary one-day events around the world and step into a future fueled by AI and limitless potential. Discover what's next at SuiteConnect Tour 2026.
Try Intelligent Payment Automation – Fee Free For Your First Month For more information, visit this thread.

Discussions
Stay up-to-date with the latest news from NetSuite. You’ll be in the know about how to connect with peers and take your business to new heights at our virtual, in-person, on demand events, and much more.
Now is the time to ask your NetSuite-savvy friends and colleagues to join the NetSuite Support Community! Refer now! Click here to watch and learn more!

FIFO Incorrect Reporting

edited May 13, 2013 8:11PM in Accounting / ERP 3 comments

We use FIFO account method and found this on a recent fulfillment when looking at the GL Impact.

We sold 5000 of an item.  Most of the time we purchase them for .34 each.  There was one instance where we needed to pay .4808 ea for 1000 of them due to a freight matter.  On the GL impact Netsuite used a price of .4808 for COGS for the entire 5000 even though we had only brought 1000 of them into inventory at that price.  Therefore Netsuite is overstating the COGS in the general ledger.

Has anyone else found this to be an issue and is there a resolution?  This appears to be a major flaw in Netsuite reporting and creates doubt that the data that we review and report is correct coming from this platform.

Tagged:

Howdy, Stranger!

Log In

To view full details, sign in.

Register

Don't have an account? Click here to get started!

Leaderboard

Community Whiz

Quarter 1 (Jan-Mar 2026)

This Week's Leaders

This Month's Leaders

All Time Leaders