Getting Started: Master Cost of Goods Sold (COGS) and Maximize Profits with Taxomate!

Discover how to master COGS and maximize your profits with Taxomate in this educational and uplifting guide! Learn how to accurately calculate the cost of goods sold (COGS) for each settlement period using an intuitive average cost method, ensuring your Amazon, eBay, Shopify, Etsy, and more, are always on point. Whether you're integrating with QuickBooks, Xero, or Wave, we'll show you the seamless process to send your Amazon settlements and match and reconcile settlements effectively. From enabling COGS in Taxomate to applying default costs and sending COGS invoices to your accounting software, we cover everything you need to streamline your e-commerce accounting. Discover the ease of integration and start simplifying your e-commerce accounting today. Perfect for businesses looking to enhance their Amazon accounting integration and beyond, this video is your first step towards financial clarity. Learn how to get started, manage your inventory, and ensure your payouts from Amazon, eBay, or Shopify are always accurately reflected in your profit and loss report. Start simplifying your e-commerce accounting today and watch your business grow!

#Expense #Taxomate #Sku #SmartCogsManagement #WalmartCogs

#CogsWalmart #SettlingCogs #CogsCalculation #InventoryTracking #SmallBusinessFinance

CHAPTERS:
0:00 - COGS Setup Guide
0:31 - Default COGS Entry
1:14 - Bulk COGS Invoices Submission
1:48 - Individual COGS Invoices Submission
2:11 - Viewing COGS in Accounting Software