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True COGS: Cost of Goods Sold
- by Nexus Logic Systems
- Free plan available. Free trial available.
- by Nexus Logic Systems
- Free plan available. Free trial available.
Automatically update your Cost per item when stock arrives. Purchase orders and invoices flow into accurate costs and margins with FIFO or weighted average.
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About the True COGS: Cost of Goods Sold
True COGS automatically updates your inventory costs when you receive stock or supplier invoices, keeping your margins accurate without manual retyping. The app calculates Cost per item using weighted average or FIFO methods, averaging new purchase order prices with existing stock levels. Landed costs like freight and duty are distributed across units for precise costing. Simply scan or upload supplier invoices as PDFs or photos—the app reads, checks, and receives them in one press. Import opening costs from Stocky or CSV files once, and close each month with accurate COGS and inventory values on record.
Launched: June 15, 2026
Key features
- Purchase order prices become Cost per item automatically, with no retyping
- A new price is averaged with the stock you hold, and every price stays on record
- Landed cost: freight and duty shared into each unit, so margins stay accurate
- Supplier invoices read from a PDF or photo, checked, then received in one press
- Opening costs from Stocky or a CSV come in once, with no new receipt
Integrations with:
- Shopify Admin,
- quickbooks online,
- Stocky
Category:
Pricing of True COGS: Cost of Goods Sold
Free
Free
- 25 variants with a cost on record
- Received POs update your average cost
- Check open POs against your last price
- Receive one supplier invoice to try it
- Every price you paid, dated and kept
- Inventory value at what you paid
- Gross profit and margin at real cost
- Answers from the developer who built it
Starter
$29 / month
or $290/year and save 17%
- 500 variants with a cost on record
- Everything in Free, plus FIFO costing
- AI reading: 100 invoice pages a month
- Receive supplier invoices: PDF or photo
- Landed cost: freight, duty, any currency
- Which supplier raised what, and when
- Month-end close of your costs
- Enter what you paid before stock lands
Growth
$49 / month
or $490/year and save 17%
- 2,500 variants with a cost on record
- Everything in Starter
- AI reading: 300 invoice pages a month
Scale
$79 / month
or $790/year and save 17%
- Unlimited variants with a cost on record
- Everything in Starter
- AI reading: 1,000 invoice pages a month
- Priority support
