why is the cost of goods sold account not able to be deactivated?

AI generated answer (using internal Slack threads):

The Cost of Goods Sold (COGS) account cannot be deactivated because it is a crucial part of the financial accounting process in NetSuite. It is used to track the direct costs attributable to the production of the goods sold in a company. This includes the cost of the materials used in creating the goods along with the direct labor costs used to produce the good. In the context of NetSuite, the COGS account is used in various transactions and reports, such as the income statement report. It is also used in the calculation of gross profit and plays a significant role in inventory valuation. Moreover, the COGS account is linked to other accounts and transactions, such as inventory accounts. For example, when an inventory item is sold, NetSuite automatically debits the COGS account and credits the inventory asset account. This automatic transaction cannot occur if the COGS account is deactivated, which would disrupt the entire accounting process. Therefore, due to its integral role in financial accounting and inventory management in NetSuite, the COGS account cannot be deactivated. ****** Disclaimer: This response was generated by an artificial intelligence assistant based on previous conversations from multiple Slack channels, and may contain inaccuracies or mistakes. ******