True COGS: Inventory Costing

I installed this expecting another cost field. What I got is a ledger — every price I pay written once and kept permanently. So March's margin still reads as March's margin when I look in September.

The freight and duty allocation alone was worth the price. HS code in, real rate out, landed in that receipt's unit cost. Replaced a spreadsheet I'd kept badly for two years.

What won me over: I refunded an order without restocking, and it showed me a worse margin, with a line explaining the stock was paid for, refunded and gone. Most tools would quietly delete the sale and flatter me.

It's honest about limits too — it won't invent an exchange rate for a foreign invoice, and says so.

Not for you if you sell consignment or one-of-a-kind stock; it assumes you own what you sell.

I've stopped keeping a parallel spreadsheet

Finally see what a reorder really costs

Most of what I sell comes from overseas, and between supplier price changes and the duty increases this year my Shopify cost-per-item was never right, I'd only notice at month end when margins looked off. I set up True COGS mainly for the cost tracking, but the tariff page turned out to be the part I use most.

I tagged my products with their HS code and country, entered the duty rates I actually pay, and now it shows me what each product costs to reorder after duty and flags the ones that fell below my target margin. It caught two products I was basically selling at breakeven after the last rate change.

Enter what you paid when stock arrives and it updates the cost automatically, plus keeps a history for my accountant. Support answered fast when I had a setup question.

I installed this expecting another cost field. What I got is a ledger — every price I pay written once and kept permanently. So March's margin still reads as March's margin when I look in September.

The freight and duty allocation alone was worth the price. HS code in, real rate out, landed in that receipt's unit cost. Replaced a spreadsheet I'd kept badly for two years.

What won me over: I refunded an order without restocking, and it showed me a worse margin, with a line explaining the stock was paid for, refunded and gone. Most tools would quietly delete the sale and flatter me.

It's honest about limits too — it won't invent an exchange rate for a foreign invoice, and says so.

Not for you if you sell consignment or one-of-a-kind stock; it assumes you own what you sell.

I've stopped keeping a parallel spreadsheet.