how should we be handling tariff charges on inventory items?

AI generated answer (using internal Slack threads):

Based on the conversations, handling tariff charges on inventory items in NetSuite can be approached in a few ways: 1. Tariff Surcharge Item for Purchase Orders (POs): You can create a tariff surcharge item for POs and adjust the sale price to match the surcharge. This method allows you to account for the tariff charges directly in the PO. 2. Landed Costs: Another approach is to use the Landed Costs feature in NetSuite. Landed Costs allow you to account for additional costs (like tariffs) associated with getting your inventory items into your warehouse. In this case, you could create a transfer order to capture tariffs as a landed cost once the items are received. 3. Markup Item: If you have a negotiated rate for tariffs with your vendors, you could use a markup item set at the negotiated percentage. This would allow you to adjust the cost of your inventory items based on the tariff rate. 4. Integration with External Data: Although mentioned in a humorous context, the idea of building an integration to fetch and parse data from external sources could be a viable solution if the tariff rates are frequently changing. Remember, the best approach depends on your specific business needs and how you want to account for these costs in your financial reports. ****** Disclaimer: This response was generated by an artificial intelligence assistant based on previous conversations from multiple Slack channels, and may contain inaccuracies or mistakes. ******

My previous employer uses the Landed Costs approach. I don't know how well that's working for them, but they haven't changed it so it must not be too bad.

I'm debating on just making another field on the POs so we can just pull the POs with that data in that field and work from there...we get items from all over the globe and from what the purchasing guy told me its a mess lol