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:
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
5. Click save changes to confirm
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.