Shopify counts your stock. Getting it costed is the harder half. Guides on FIFO cost of goods sold, landed cost, and the journal your bookkeeper actually needs.
No. Shopify records the cost at the moment an order is placed, so correcting the field today leaves every month you have already sold exactly as it was. What the edit does, what it cannot reach, and how a month actually gets restated.
Beginning inventory + purchases - ending inventory = COGS. A worked quarter that ties both ways, why that formula is the periodic method rather than a calculation, and the arithmetic showing two very different quarters producing an identical answer.
A COGS journal is Dr COGS / Cr Inventory, and writing it takes ten seconds. The amount takes a ledger. A three-month worked example, why a late freight invoice makes two months wrong instead of one, and what has to sit behind each line.
Shopify's Cost per item holds one number and changes only when you change it, like the RRP field. Why a more accurate cost still gives you the wrong margin, and what a cost record needs instead.
Shopify holds one Cost per item per variant, and every update overwrites the last. Why the same product genuinely has several costs, what a cost layer is, how it differs from a batch, and the four workarounds people try.
Every Stocky replacement list covers forecasting and purchase orders. Almost none covers the job that hurts at month end: cost tracking. How each class of replacement handles COGS, and how to rebuild a cost baseline now the history has gone.
Shopify tracks quantity, not cost. Here are the 4 ways to track FIFO cost of goods sold for a Shopify store, and how to get a COGS number your accountant will accept.
Shopify inventory drifts because counts are only as good as the last human action that touched them. The 6 causes of drift, and how to stop losing hours to reconciliation.
Sales connectors move Shopify revenue into your books, but nothing moves the cost side. How the monthly COGS journal works, and how to produce one that is actually right.
A $50 product from your supplier lands at $63.00. The arithmetic line by line, what belongs in landed cost and what does not, and why recoverable import tax sits below the total rather than inside it.
How do landed costs affect pricing? Learn why missing freight and duty costs leads to underpricing, margin loss, and inaccurate profit reporting.
How do you calculate landed cost for Amazon FBA? Work through every cost between the supplier invoice and a unit on the shelf, and what it does to your real margin.
Discover where ecommerce margins leak and the 5 habits of high-margin eBay and Shopify sellers. Protect your profits with accurate cost tracking.
Learn how AI extracts costs, dates, and line items from freight invoices automatically, saving hours of manual data entry and reducing errors by up to 90%.
Learn how to get accurate landed costs into Xero for proper inventory valuation and COGS reporting, without manual journals or complex workarounds.
CIF includes product, insurance, and freight to port. Landed cost adds duty, clearance, and delivery. Learn why the difference matters for pricing.
Importing from China costs more than the product price. Learn the 8 cost categories most small importers miss, and how to track them without complex systems.
FOB, CIF, and DDP are Incoterms that define who pays for shipping, insurance, and duties. Learn which term is best for your import business.
Customs duty higher than expected? Learn the 6 factors that affect import duty rates and why your actual charges often exceed initial estimates.
Should you allocate freight by value, weight, or quantity? Learn the 4 main allocation methods and when to use each for accurate landed costs.
The margin report says 28%. Once the freight, the duty and the rate you actually paid are where they belong, it is 11%. The arithmetic, line by line.
The HS code determines your duty rate, but finding the right one isn't obvious. Here are 4 ways to find the correct classification for your imports.
Sea freight, air freight, or express courier? Here are the typical rates for shipping from China and Asia to the US, Australia, and Europe in 2024-2025.
Customs broker invoices include their fees plus government charges. Here's what you're actually paying for and typical fee ranges by entry type.
Let AI extract costs from your freight invoices and calculate accurate landed costs in minutes.
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