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Inventory and cost of goods sold (COGS) accounting
Know what your stock is worth and what each sale really costs. We track inventory and COGS so your margins are real.
Overview
Margins depend on getting COGS right
If purchases are expensed when you buy them, or inventory is never adjusted, profit swings from month to month and tells you very little. Sellers and retailers often find out too late which products actually make money.
We record inventory purchases, landed costs and sales so cost of goods sold matches what you actually sold, by product or channel.
What is included
01
Inventory purchase recording
Purchases recorded to inventory instead of expensed.
02
Landed costs
Freight, duties and other costs allocated to the stock they relate to.
03
Monthly COGS
Cost of goods sold calculated each month from sales and inventory movement.
04
Inventory reconciliation
Book balances compared with your counts or inventory system.
05
Margin reporting
Gross margin by product, category or sales channel.
06
Returns and write-offs
Returned, damaged and lost stock handled correctly.
What you can expect
Margins you can rely on
Accurate margins
Profit that reflects the real cost of what you sold.
Better buying decisions
See which products earn their shelf space.
Tax-ready numbers
Inventory and COGS figures your accountant can use.
Fewer year-end surprises
Inventory adjusted through the year, not only at the end.
Related services
Payout and sales reconciliation
Sales, refunds, fees and chargebacks matched to every payout from Amazon, Shopify, Walmart, Target and more.
Monthly bookkeeping
Categorized transactions, bank and card reconciliations, and a monthly financial package.
Management reporting
Profit and loss, balance sheet and cash flow you can read and act on.
FAQs
Questions, answered
Which inventory methods do you use?
Typically FIFO or average cost, depending on your business and your accounting software.
Do you work with inventory apps?
We can work from reports exported from the inventory and e-commerce systems you use.
Do you count my stock?
No. You or your team do physical counts, and we reconcile them to your books.
Can you handle stock held at marketplace warehouses?
Yes. We track it from the platform's inventory reports.
Can you correct past COGS?
Yes. We can restate prior periods as part of a cleanup project.
Find out what you really earn
Book a free consultation and we will look at how inventory and COGS are handled today.