Finding the Cost of Goods Sold (COGS) Account on Items
NetSuite provides you a way to assign accounts to an item for things like COGS (Cost of Goods Sold), Asset, Income, and various other accounts. If an item in NetSuite does not have an COGS or Asset account assigned to it, you will not be able to create an order with that item. This means that you must set a COGS and Asset account on all your items.
To find the COGS account for an item:
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Go to Lists > Accounting > Items.
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Select an item.
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Click View.
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Click the Accounting subtab.
For more information about setting a default Cost of Goods Sold (COGS) account for your item, see Selecting a Default Cost of Goods Sold (COGS) Account. For more information about creating item records, see Creating Item Records.