Overview
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 location
In this section:
Add cost price to a single product
To add cost prices to your products individually, follow these steps:
Go to the Inventory Page
Search for a product you want to update and click into the product. This will open the Product Summary.
Click edit on the product details card
4. Scroll to the cost price section and enter your cost price in the provided box
Note: Your currency will automatically be set by the company currency set in your general settings.
5. Click save changes to confirm
Add cost prices in bulk to multiple products
Update multiple products in one go by exporting your products via CSV and updating them in bulk.
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.