The Cost Of Goods (COGS) Screen

Important Update

• Since December 6, 2023, we have introduced a simplification to COGS entry
• There is now 2 distinct versions of the COGS screen, a Detailed View and a Simple View
• Both Views achieve the outcome of assigning COGS to a product
• You can use either view interchangeably without loss of data
• The toggle switch to flip from one view to an other is located in the COGS screen itself
• The Detailed view has 6 additional fields.
• Use the Detailed view if you feel you need any of the additional fields
• Use the Simple view if you feel the 6 additional fields of the detailed view are superfluous to your needs
• Please read the following article to fond out why we implemented this change

How To Get Here?

• From the Menu
  • Products and Inventory  –> Products List –> Option Dropdown(⋮) –> Enter Cost Of Goods, OR
  • Products and Inventory –> Products List, click on the column COGS for the product you want to enter COGS, OR
  • Products and Inventory -> Product Dashboard -> Settings -> Enter Cost of Goods.

What is it for?

• Assign a Cost Of Goods (COGS) to a product spanning a specific time period
• Document the breakdown of COGS into its constituent cost components
• Document the COGS history

Tips And Tricks!

• COGS can be assigned to a product for a period in the past
• COGS can also be assigned to a product for a future period
• SellerLegend will automatically recalculate the profit element of a sale whenever a COGS value or the applicability date range is changed
• IMPORTANT: COGS need to be uploaded for EACH marketplace individually
  • This is because COGS could conceivably be different for the same product when sold in a different marketplace due to product localization costs, like a different packaging or a different product insert.
• IMPORTANT: COGS must be expressed in the currency of the marketplace.
  • So if you are entering COGS for a UK marketplace, the COGS will be deemed to be expressed in £. If you are entering COGS for a DE marketplace, the COGS will be deemed to be expressed in Euros.
  • SellerLegend does not yet do automated currency conversions, however, this is in our development plan for a future release.

Screen Print

• The Simple View:

The Detailed View

• Notice the difference : The detailed view has 6 additional columns.
  
  • Provider
  • Notes
  • Total Paid
  • Currency
  • Conversion Rate
  • Units
    

Content

• The Title of the screen shows the Product Identifiers for the product with this COGS, in sequence:
  • Product SKU
  • Product ASIN
  • Product Internal Name
  • Product FNSKU
• The body of the screen contains one or more Cost Periods
  • Each cost period will span a specific (from-to) date range
  • Any order for the subject product arriving between the to and from date of a cost period will be assigned the COGS of that period.
  • For the very first Cost Period, SellerLegend will automatically create the cost period with  a date range of infinity to infinity (From ∞ to ∞)
  • This ensure that the COGS will be assigned to any newly arriving order, irrespective of the order date
  • When adding additional new cost periods, SellerLegend will adjust the dates so that the new cost period start aligns with the previous period end
• Each Cost Period is constituted by one or more Cost Elements. Each Cost Element shows:
  • Cost Element Name
    • Enter the name of the Cost Element
    • The cost period must have at least one Cost Element
    • The cost element name can be any arbitrary text, such as, but not limited to
      • Manufacturing Costs
      • Printing Costs
      • Packaging Costs
      • Labelling Costs
      • Shipping Costs
      • Customs & Duty Costs
      • Inspection Costs
      • Handling Costs
  • Provider (Only in the Detailed View COGS Entry)
    • Enter the name of your provider or leave blank
    • This is an optional free format field
  • Notes (Only in the Detailed View COGS Entry)
    • Enter any notes which describes the arrangements with your provider
    • Any URL starting with ‘http://’ will automatically be converted to a hyperlink. Use this feature when you want to link to a Google Docs or Office for the Web document
  • Total Paid (Only in the Detailed View COGS Entry)
    • Enter either the amount paid for one unit or a total invoice amount for several units
    • Works in conjunction with the Units field
    • This is a mandatory currency field
  • Currency (Only in the Detailed View COGS Entry)
    • Enter the name of the currency of payment
    • Works in conjunction with the Units field
    • This is an optional free format field. The currency name is for reference only and is not validated or used by SO.
  • Conversion Rate (Only in the Detailed View COGS Entry)
    • If Total Paid is a foreign currency amount, enter the conversion rate from the foreign currency to the marketplace currency
  • Units (Only in the Detailed View COGS Entry)
    • Enter the number of units the Total Paid refers to
    • Defaulted to 1 unit
    • This is a mandatory integer field
  • Amount Per Unit
    • Calculated by SellerLegend
    • It is either Total Paid / Number Of Units or
    • Total Paid * Conversion Rate / Units
  • Total
    • Calculated by SellerLegend
    • The sum of all the individual Cost Elements

• COGS Entry : Adding and Deleting Cost Periods and Cost  Elements
  
  

• Cogs Entry Entering COGS Values and Date Ranges