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Can we change COGS / Asset Account in Transaction record
I know we set default COGS / Asset account in Item record but is there a way to change it manually in transaction record like how we can change AP/AR account in invoice/bills.
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Auto generating cost related to sales order fulfillment
Hi there, I am looking for suggestions / guidance on following scenario. The business sells its product via online orders and the orders are synced to NetSuite. When an order is fulfilled, the direct cost of goods is reflected on income statement. There are other indirect cost of goods like, warehouse cost, shipping cost,…
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Income statement Inventory adjustment negative value
Hi, When we migrate legacy system to NS, our service provider import Inventory Adjustment for Open Balance. Recently, when we review the Income statement we found the Inventory Adjustment is in negative amount. Result make the cost of good sold calculated incorrectly. May I know what should I check to correct this? Further…