In NetSuite, Cost of Goods Sold (COGS) represents the direct costs associated with producing or purchasing the goods that a company sells. COGS includes all expenses directly tied to the production or procurement of goods sold by the business. This typically includes: Purchase Price: The cost to buy inventory items. Direct Labor: Wages for employees… Continue reading Cost of Goods Sold (COGS)
Tag: COGS
Saved search to get the Revenue and COGS from Item Fulfillment and Invoices Created from Sales Orders
Saved search steps, Navigate to Reports > Saved Searches > All Saved Searches > New Choose Transaction Modify the Search title On the Criteria tab > Standard subtab > set the following Filters: -Account Type is any of Cost of Goods Sold, Income -Posting is True -Created From fields…Date = set the date -Created From… Continue reading Saved search to get the Revenue and COGS from Item Fulfillment and Invoices Created from Sales Orders