Veeqo uses the Average Cost Price method for tracking your Cost Of Goods Sold (COGS). This article explains how to add cost prices to Veeqo.
Examples of where cost prices are used in Veeqo:
- See COGS and margin by SKU on the Sales Report
- See current and historical inventory value by warehouse
In this section:
Add cost price to a single product
Go to the Inventory Page. Search for a product you want to update and click into the product
This will open on the Product Summary. Next, click on the Pencil Icon, under the actions column to edit the product
Enter the product's cost price and click Update once you have done this
Add cost prices in bulk to multiple products
Cost prices of kits
When you add a cost price to a product variant that belongs to a kit, Veeqo will recalculate the cost price of the kit based on the combined cost prices of the underlying components.