Inventory & COGS
Learn how inventory and COGS are tracked.
By Rayla and 1 other2 authors18 articles
Treatment of Inventory & COGS CategoriesWhat happens when you categorize a transaction to an inventory category? This article will help you understand how this impacts your books
Tracking Inventory in Finaloop
Learn more about the different inventory tracking methods in Finaloop
How to choose your COGS tracking method in Finaloop
Purchase-Based COGS
Expense inventory costs directly when purchased (and not when sold)
Purchase based COGS: Everything you need to know
Sales-Based COGS
Real-time inventory and COGS based on an average landed cost you track
Sales based COGS: Everything you need to know
Merging multiple products
How to calculate your landed cost per unitThis articles explains landed costs for both sales based COGS and InventoryIQ
Updating inventory based on physical countsLearn how to update your Finaloop inventory to match your actual stock after a physical inventory count.
Managing Dropshipping (Sales-Based COGS)Learn how to setup and manage dropshipping if you are using our sales-based COGS method
Reporting inventory restocksLearn how to report or update products restocked in your warehouse if you use our sales based COGS tracking method
InventoryIQ
Create POs and track inventory & COGS using our inventory tracking system
Inventory IQ: Everything you need to knowLearn more about tracking your COGS and inventory using InventoryIQ and unit based COGS tracking!
Step-by-step guide to setting up InventoryIQNew to InventoryIQ? Read this guide to help you set up and customize InventoryIQ to best meet your business needs.
Managing recipes & assemblies
Managing your POs in FinaloopLearn how to manage your POs in Finaloop using InventoryIQ
InventoryIQ TroubleshootingHave units with missing costs? This article walks you through how to find and fix the issue.
Fixing Negative Vendor BalancesLearn how to properly track and manage your vendor balances using InventoryIQ
InventoryIQ: Adding adjustments based on a physical count
Connecting your 3PL and WMSConnect Finaloop with over 60 WMS and 3PLs to automatically sync inventory, track Amazon FBA adjustments, and keep COGS accurate with no manual work.
Why do I have units with missing costs?If you have units with missing costs in InventoryIQ, check out this article to quickly identify and fix the cause.