Inventory & COGS

Learn how inventory and COGS are tracked.

By Emily and 1 other 2 authors 19 articles

Tracking Inventory in Finaloop

Learn more about the different inventory tracking methods in Finaloop

• How to choose your COGS tracking method in Finaloop

Purchase-Based COGS

Expense inventory costs directly when purchased (and not when sold)

• Purchase based COGS: Everything you need to know

Sales-Based COGS

Real-time inventory and COGS based on an average landed cost you track

• Sales based COGS: Everything you need to know
• Merging multiple products
• How to calculate your landed cost per unit
• Updating inventory based on physical counts
• Managing Dropshipping (Sales-Based COGS)
• Reporting inventory restocks

InventoryIQ

Create POs and track inventory & COGS using our inventory tracking system

• Inventory IQ: Everything you need to know
• Step-by-step guide to setting up InventoryIQ
• Managing recipes & assemblies
• Managing your POs in Finaloop
• Import Purchase Orders from CSV
• InventoryIQ Troubleshooting
• Fixing Negative Vendor Balances
• InventoryIQ: Adding adjustments based on a physical count
• Connecting your 3PL and WMS
• Why do I have units with missing costs?