Applying the costs manually to SKUs or by bulk import can be done in the Inventory screen, but setting up SKUify to automatically apply COGs will save a lot of time and avoid that pesky human error.
To set this up, go to the Cost of Goods Sold Information tab in Settings.
SKUify tracks the fulfilment method of a sale so it is important to apply costs to each method that the business uses; FBA, FBM and SFP.
Use the separate tabs for each of these to set up the costs for each, even if some of the costs are identical to one of the other methods.
There are several preset entry boxes for costs sellers commonly face:
Bundling Fee (could include packaging, labor, prep center charge)
Prep Fee (prep center cost per item, packaging cost etc.)
Packaging (poly bags, tape, boxes)
Handling (courier fees, third party costs etc.)
Shipping (postage fees if using a postal service)
Inbound Shipping Cost (shipping to Amazon fulfilment center)
There are also spaces to add any other or extra fees that might be incurred.
Some costs are specific to different fulfilment methods; for example, Inbound Shipping Cost only applies to FBA sellers shipping goods into Amazon fulfilment centers. SKUify greys out costs that don’t apply to the method chosen to avoid incorrect costs being applied.
When entering the Inbound Shipping Cost, ensure that the correct weight classification is chosen as it will more than double or half the actual cost if the wrong one is chosen. To calculate this, take the average cost the carrier charges for a typical shipment and divide it by the typical weight (either lb or kg).
The weight option chosen here will also automatically be the weight type when manually editing COGs in the Orders, Sales or Inventory tabs.
Any Cost of Goods information entered on this tab will only apply to future sales, regardless of the date entered. However, to help track when costs have been added we’d always recommend adding the Start Date for when a new cost should start being applied.
This should be the current or future date. SKUify will start applying it to results on the date added here.
Add an end date if the cost changes or expires on a specific future date.
Enter the amount, either inclusive or exclusive of VAT. If no VAT is incurred by a cost, i.e. the supplier of the service or items is not VAT-registered, then enter the full amount with VAT toggled off.
If VAT is to be added, enter the amount exclusive of VAT and toggle VAT on. SKUify will then calculate the VAT and automatically apply it to the results. An Exclusive of VAT note will show with the amount.
Once any Cost of Goods have been added, click on Update to have them automatically applied to all new incoming ASINs.