Shopify Cost of Goods sold: explained by an accountant

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  • čas přidán 25. 08. 2024

Komentáře • 8

  • @aryanasmith4426
    @aryanasmith4426 Před rokem

    Your videos are very useful and provide lots of information. I have received lots of help after watching this post, please continue to share this kind of information. Thank you.

  • @somenmondal2964
    @somenmondal2964 Před 2 lety

    Nice presentation and Important topics.

  • @somenmondal2964
    @somenmondal2964 Před 2 lety +1

    Can you provide us the Excel sheet for preparing COGS?

    • @5MinuteBookkeeping
      @5MinuteBookkeeping  Před 2 lety

      Hi Somen. I don't have a spreadsheet to share but I'm sure that you can put one together since the inventory formula is fairly simple.

  • @abbaslakda9671
    @abbaslakda9671 Před 2 lety

    Love your videos.
    I want to implement Shopify POS first. Do you think integrating shopify with quickbooks fully is a good move so it can track of inventory etc.

    • @5MinuteBookkeeping
      @5MinuteBookkeeping  Před 2 lety

      Abbas, the integration between QBO and Shopify (using A2X) does not track inventory for you. You would need to track inventory in Shopify and use the inventory formula that I mentioned in the video to adjust inventory and cost of goods sold.