Sales Costs Setup

The following setup is required before the application can be utilized

Setup GL Accounts

General Ledger accounts are required to be created to ensure accurate postings to the general ledger.

For each sales cost item utilized, two accounts should be setup, being

• Income Account - for any Sales Costs with Custom GL Posting, this is the Amount (Debit)

• Expense Account - for any Sales Costs with Custom GL Posting, this is the Amount (Credit)

Here is an example of the accounts on an item:

And here is an example of a Sales Cost using Custom GL Posting:

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Create Sales Cost Items (Other Charge / Service Items for Resale)

Sales Cost Items are used to include additional charges on sales orders and invoices. These items should be setup as either Other Charge or Service Items for Resale. These items can be used on the following Sales Cost Processing Methods:

• Add as Line Item - Grouped

• Add as Line Item - Individual

• Change Rate

• Change Rate and Custom GL Posting

• Custom GL Posting

• No GL Posting

For more information

For more information about the supported Sales Cost Processing methods, read this page.

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Create Discount Items

Discount Items are used when using Sales Cost Processing Method = Add as Discount Item.

This processing method aligns to standard NetSuite Discount Items., and inserts a discount line underneath each applicable line item. This can be an increase or decrease.

For more information about NetSuite discount Items, see NetSuite Help

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Update Existing Items

Tracking Sales Costs for Items being Sales must be enabled on Item records.

To enable the Tracking of Sales Costs on Items set the Item field "Track Sales Cost" to Yes.

Once setup has been completed, landed cost budgets can now be created.

Please read Using the Application - Landed Costs for more detail.

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