True COGS: Inventory Costing

I installed this expecting another cost field. What I got is a ledger — every price I pay written once and kept permanently. So March's margin still reads as March's margin when I look in September. The freight and duty allocation alone was worth the price. HS code in, real rate out, landed in that receipt's unit cost. Replaced a spreadsheet I'd kept badly for two years. What won me over: I refunded an order without restocking, and it showed me a worse margin, with a line explaining the stock was paid for, refunded and gone. Most tools would quietly delete the sale and flatter me. It's honest about limits too — it won't invent an exchange rate for a foreign invoice, and says so. Not for you if you sell consignment or one-of-a-kind stock; it assumes you own what you sell. I've stopped keeping a parallel spreadsheet.

Finally see what a reorder really costs Most of what I sell comes from overseas, and between supplier price changes and the duty increases this year my Shopify cost-per-item was never right, I'd only notice at month end when margins looked off. I set up True COGS mainly for the cost tracking, but the tariff page turned out to be the part I use most. I tagged my products with their HS code and country, entered the duty rates I actually pay, and now it shows me what each product costs to reorder after duty and flags the ones that fell below my target margin. It caught two products I was basically selling at breakeven after the last rate change. Enter what you paid when stock arrives and it updates the cost automatically, plus keeps a history for my accountant. Support answered fast when I had a setup question.

TrueCogs has been a great addition to our store. The dashboard is easy to understand and gives clear insights into profitability and marketing performance. It helped us make better decisions with our ad spend and focus on what’s actually driving growth.

Great app for Shopify COGS tracking. It keeps a complete cost history, calculates average costs automatically, and makes inventory valuation and reporting much easier. Simple, reliable, and highly recommended!

I installed this expecting another cost field. What I got is a ledger — every price I pay written once and kept permanently. So March's margin still reads as March's margin when I look in September. The freight and duty allocation alone was worth the price. HS code in, real rate out, landed in that receipt's unit cost. Replaced a spreadsheet I'd kept badly for two years. What won me over: I refunded an order without restocking, and it showed me a worse margin, with a line explaining the stock was paid for, refunded and gone. Most tools would quietly delete the sale and flatter me. It's honest about limits too — it won't invent an exchange rate for a foreign invoice, and says so. Not for you if you sell consignment or one-of-a-kind stock; it assumes you own what you sell. I've stopped keeping a parallel spreadsheet