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Unexpected GL Impact When Using Landed Cost – Freight Hitting Inventory Twice
Hi Group,
I’m running into unexpected behavior when using NetSuite’s landed cost feature and hoping someone can confirm if this is expected or if I’ve misconfigured something.
Here’s the situation:
- I’m using the Landed Cost feature with manual entry on the Item Receipt.
- The landed cost category is assigned to a custom account:
1211 Inventory Asset: Freight Capitalized, which is an Other Current Asset account. - The item itself is posted to the
1210 Inventory Assetaccount. - On the GL Impact, I’m seeing that:
- 1210 Inventory Asset - Debited for item cost AND freight
1211 Inventory Asset: Freight Capitalized - Credited for freight
- 1210 Inventory Asset - Debited for item cost AND freight
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