How To Track COGS Accurately In Shopify?

1
Tracking the Cost of Goods Sold (COGS) accurately
in Shopify is key for understanding your stores
true profitability. COGS represents the direct
costs associated with producing or purchasing the
items you sell, including materials,
manufacturing, packaging, and shipping. Without
proper COGS tracking, its difficult to gauge
profit margins, price products appropriately, or
file taxes correctly.
Here is how to track COGS accurately in Shopify-
Step 1 Assign Cost Prices to Products Step 2
Use Shopifys COGS Reports Step 3 Automate with
Inventory Accounting Apps Step 4 Sync With
Accounting Software Step 5 Adjust for Returned
Items and Discounts Step 6 Consult a Shopify
Accountant