Changing the COGS and Asset Accounts on Assembly and Inventory Items
When you change an assembly or inventory item's Cost of Goods Sold (COGS) or Asset account, you can apply the change to existing transactions. To make this option available, enable the Do Not Update COGS and Asset Accounts on Existing Transactions When Accounts Are Changed preference. Go to Setup > Accounting > Accounting Preferences > Items/Transactions > Accounts.
To update the COGS or Asset account on an item:
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Find the assembly or inventory item record you want to update.
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On the Accounting subtab, select the appropriate COGS Account or Asset Account.
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Check the Update COGS and Asset accounts on existing transactions when accounts are changed box. This option lets you retroactively apply the changes to existing transactions.
Important:If you want apply your COGS or Asset account changes to existing transactions, be sure to check this box before you save the item record. Otherwise, NetSuite follows your Accounting Preference and applies your account updates only to new transactions.
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Click Save.
NetSuite displays a message to confirm if you want to proceed with updating the accounts only on existing transactions. Click OK.
When you edit the item record again, the box is cleared and disabled. You can then decide whether to apply new account changes to existing transactions. The box becomes enabled only when you select a different COGS or asset account from the list.