Inventory & COGSFrom $149 / mo
Inventory Accounting
Inventory valuation, COGS calculation, and stock adjustments.
Key Deliverables & Inclusions
FIFO or Weighted Average Cost (WAC) valuation methodologies
Landed cost allocation (inbound freight, duties, port fees, drayage)
Monthly Cost of Goods Sold (COGS) journal entry creation
Physical count variance and shrinkage write-down management
Gross margin reporting by product line and individual SKU
Compatible Systems
QuickBooks Online / DesktopXeroKatana MRPNetSuiteShopify / Amazon FBA3PL warehouse feeds
How Delivery Works
01
Cost Structure Setup
Standardize Bill of Materials (BOM) and landed cost components.
02
Monthly Movement Sync
Track receipts, manufacturing builds, and sales disbursements.
03
Valuation & Close
Reconcile inventory subledger to the general ledger balance sheet.
Frequently Asked Questions
Why is inventory accounting often inaccurate?
Most companies expense freight and inventory immediately upon receipt rather than capitalizing landed costs into inventory assets.
Can you help reconcile our 3PL stock to our books?
Yes, we reconcile physical 3PL warehouse inventory reports against your balance sheet monthly.
Need Inventory Accounting?
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