Our NetSuite has outbound freight hitting COGS, wh...
# accountingw
Will Coburn
03/18/2021, 3:12 PMOur NetSuite has outbound freight hitting COGS, which is incorrect (only in bound freight is COGS, outbound is an overhead expense). I cannot figure out where to change this account in our NetSuite settings. Can someone offer any guidance?
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Suitestallion
03/18/2021, 3:23 PMyou can change that when you set up the shipping Item, if you are hitting different account I would think you will need to set up two different shipping items.
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Will Coburn
03/18/2021, 3:25 PMBy "different account" do you mean FedEx vs UPS, or different account on the chart of accounts?
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Suitestallion
03/18/2021, 3:26 PMhere you can choose which account you want to hit
Suitestallion
03/18/2021, 3:26 PMthis screenshot is from "Shipping item" record
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Will Coburn
03/18/2021, 3:34 PMThank you!
Will Coburn
03/18/2021, 5:17 PMIf I change it there, it will impact prior years/periods. Is there a way I can change it so it only affects 2021 and forward?
Will Coburn
03/18/2021, 5:38 PMActually, nevermind. Went through the scenario with our CPA, and no harm-no foul on doing it retroactively, as well. Thank you for your help!
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