We are getting ready to go live and I am starting to review Journal Entries. I amused to having an extra step when we issue invoices Usually when you ship you debit COGS and credit Inv shipped not invoiced. then when the invoice is created you Dr shipped not invoiced, credit inventory. Dr AR and credit sales. When going through I see the order fullfillment just hits COGS and Inventory. Is there a setup I am missing to create the shipped not invoiced step?

Not sure I track. What is this extra step?

Sounds like they are used to a delineation between

inv shipped not invoiced

and just regular

inventory

, usually fulfillment just hits COGS and inventory, not sure about this other

inventory shipped not invoiced

account.

Yes that it is. Does NS use the extra step of Shipped not invoiced?

If you have Rev/Rec - you can do something like this.

OK, don't want to get more complicated. What about on the PO side. Does NS have the Received not invoiced built in?

Native NetSuite will recognize COGS/inventory impact at time of Fulfillment, and Revenue/AR at time of invoicing.

OK. Thanks for all the help. I guess I just need to wrap my head around the change in accounting for sales.