Does COGS on an income statement go to the same month as the sale?

AI generated answer (using internal Slack threads):

Based on the conversations, the Cost of Goods Sold (COGS) on an income statement is calculated at the time of Item Fulfillment, not at the time of the sale. This means that if a Sales Order is created in one month, but the Item Fulfillment is not completed until the following month, the COGS would be recorded in the month of the Item Fulfillment, not the month of the sale. In the context of NetSuite, when a Sales Order is Fulfilled, the Item Fulfillment transaction is the event that creates the COGS posting. When the Invoice posts, that will post the revenue. So if the Item Fulfillment was done in one month and the Invoicing was done in the next month, the COGS would be recorded in the month of the Item Fulfillment. However, it's important to note that backdating Inventory Transactions can cause the system to recalculate costs and can create complications. It's recommended to avoid backdating Inventory Transactions whenever possible. Also, it's worth noting that standalone Cash Sales will affect inventory and COGS will be hit there. If you start with a Sales Order and use a Cash Sale as payment though, the system assumes you're going to have a fulfillment and the COGS info will be attached to that record. ****** Disclaimer: This response was generated by an artificial intelligence assistant based on previous conversations from multiple Slack channels, and may contain inaccuracies or mistakes. ******