COGS is the cost of what you sold in a period. Opening stock + purchases − closing stock = COGS.
Use the same valuation method (FIFO or weighted average) at opening and closing for a fair COGS.
COGS sits directly between revenue and gross profit. Tiny shifts (a 1% price change at the supplier, a 2% increase in shrinkage) move COGS substantially.
Track COGS monthly. SMEs that watch COGS weekly stop nasty surprises before they hit the books.
Finally a tool that gets Kenyan tax rules right. Zero KRA rejections since using this.
Accurate and saves me hours every month. The breakdown is clear and my staff finally understand their deductions.
Exactly what I needed. Calculated costs before ordering and saved a fortune on import duties.
Very helpful. Only thing missing is export to CSV but overall excellent.
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