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Inventory & COGS

  • How to calculate COGS %
  • What is the difference between Inventory Asset vs COGS?
  • What impact does COGS (and my COGS %) have on taxes?
  • Can you explain how Sales and Accounts Receivable are recognized when I invoice my customer?
  • How does Pocket record inventory?
  • Are shipping expenses part of my Inventory/COGS or operating expenses?
  • How do I create a COGS rule and what are the implications?
  • What is the process to reconcile my Inventory?
  • How do costs that I book to Inventory Asset impact my COGS?

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