Cost of Goods Sold (COGS) Groups can be assigned to sale products and surcharges. They define how costs are categorized for accounting purposes during the invoicing process, ensuring proper allocation of expenses to revenue streams.

If you’re using an accounting integration, your COGS groups can be mapped to your accounting integration for cost tracking.

When you post an invoice to your linked accounts system, the costs will be assigned to that COGS group against the invoice.

You can set cost of goods sold groups against actual stock levels (also known as individual items / assets) - if you add the item directly on to your orders, this COGS group will be used instead of the one set at product level. If you choose a product then later allocate the item, the one set at product level will take priority.

Note: In order to assign COGS groups to your products and surcharges. You will need to create a General Ledger Template.

Head to System Setup > Cost of Goods Sold groups to add or change your COGS groups.

We have created a system COGS group when you sign up for ERP Go:

To add new COGS groups, go to System Setup > Cost of goods sold groups and click the blue add Cost of Goods Sold group button.

To edit a COGS group, find it in the list and click the name of the COGS group and this will take you to the edit page.

To delete a COGS group, find it in the list and click the bin icon to the right of it. A pop up will appear to confirm you would like to delete this, simply select Yes.

Once you are happy with your COGS groups, learn about General Ledger Templates to understand how you assign these to your products, accounts, or surcharges.

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