How to setup your Cost Of Goods Sold (COGS)?

Cost of Goods Sold (COGS) is the amount your business spends to produce or procure the products you sell. In Finzite, you can capture COGS per product and per integration for improved accuracy and more reliable profitability reporting.

The COGS Setup page is the central point for managing product-level cost information across your store.

Step 1: Review Imported Products Per Integration

All products from your connected sales integrations (e.g., Shopify, Takealot) are automatically imported into Finzite.

On this page, you can:

• View products per integration (sales channel)

• See individual product variants

• Review imported COGS values (if available)

⚠️ Note:

• Draft and archived products are also included.

• If COGS has been configured in Shopify, Finzite will automatically import and use the Shopify Landed Cost as the default COGS.

You should review each product and decide whether to use the imported COGS or enter a custom value.

Step 2: Add or Adjust COGS Per Product

For Shopify products:

• The Landed Cost is used as the default COGS.

• If you enter a value in Adj. Landed Cost, Finzite will use the Adjusted Landed Cost instead.

The Adjusted Landed Cost should represent your true all-in product cost.

For example:
If your Shopify Landed Cost reflects only the supplier price, but you also incur import duties, freight, or clearing fees, you should enter the total all-in cost in the Adj. Landed Cost field.

Handling Fees

You can also enter a Handling Fee, which is applied per product per order.

Handling fees may include:

• Packaging materials

• Pick-and-pack charges

• Assembly or kitting costs

• Per-unit warehouse fees

These costs improve contribution accuracy at a product level.

Step 3: Recalculate COGS for Historical Orders

If you update product costs and want those changes reflected in past orders:

1. Click Recalculate COGS.

2. Select the date range you want to update.

3. Confirm the recalculation.

Finzite will apply the current product cost configuration to all orders within the selected period.

⚠️ Important:
If no COGS is entered for a product, Contribution Reports will reflect zero product cost, which will overstate profitability.

Step 4: Filter Your View

The filtering options allow you to quickly navigate and manage large product lists.

You can filter by:

Filter by Category

Displays only products assigned to a specific category.
Useful when reviewing category-based shipping or cost rules.

Filter by Integration

Displays products from a selected sales channel (e.g., Shopify or Takealot).
Helpful when reviewing imported costs per integration.

Filter by Status

Allows you to filter products by their current status, such as:

• Active

• Draft

• Archived

This makes it easier to clean up unused products or focus only on currently selling items.

Using the filters effectively ensures faster product cost management and more accurate reporting across integrations.