NetSuite Gross Profit Overview
Setting Up NetSuite Gross Profit
Enable Features
- Inventory
- Sales Orders
- Opportunities
- Estimates
- Project Management
- Drop Shipments & Special Orders
- Purchase Orders
Set Preferences and Permissions
Recalculating Estimated Cost
Overriding Estimated Cost
Using NetSuite Gross Profit
Calculating Cost Estimates
- Average Cost
- Custom
- Derived from Member Items
- Last Purchase Price
- Preferred Vendor Rate
- Purchase Order Rate
- Purchase Price
How do you know which method of estimating cost you should use? Each item type has a default cost estimate calculation. Some item types will allow you to manually change the cost estimate type away from the default, but some item types only allow the one default type. You can learn more about which cost estimate types are available for which item types in the Available Cost Estimate Types NetSuite help article.
When you add a line item to transactions, the Cost Estimate Type field will auto-populate from what you have selected on the item record. If you have the appropriate permissions, however, you can use the dropdown to change the cost estimate type.