“In NetSuite, is it possible to track COGS on a non-inventory item for sale,?”

AI generated answer (using internal Slack threads):

In NetSuite, it is not directly possible to track Cost of Goods Sold (COGS) on a non-inventory item for sale. Non-inventory items are typically used for services or other items that you sell but do not track as part of your inventory. Therefore, they do not have a direct COGS associated with them. However, there are workarounds to achieve a similar effect. For example, you could use an item group or a kit item rather than a non-inventory item. Then the fulfillment would treat the components individually, and you could track the COGS for each component. Another approach could be to create a sub-account that rolls up to COGS and assign them to the non-inventory item. For example, you could create sub-accounts like COGS:packaging and COGS:ingredients and assign them to the non-inventory item. This would allow you to track the COGS at a more granular level. Remember, these are just workarounds and may not perfectly fit your business needs. It's always a good idea to consult with a NetSuite professional or your accounting team to ensure that your approach aligns with your business processes and accounting standards. ****** Disclaimer: This response was generated by an artificial intelligence assistant based on previous conversations from multiple Slack channels, and may contain inaccuracies or mistakes. ******