Assigning COGs

C.O.G.S  =  Cost of Goods Sold

As you receive material in cieTrade, your COGS is based on the purchase price (of the material) + any expenses added on the Receiving Ticket. Once material is processed, the COGS is based on any cost increase of the output (due to the Waste Grade) + any expenses added.

For bulk material sales there is an option to either use the best estimate for sold inventory or to keep the COGS at zero. 

1. Under Settings> Inventory> Calculate estimated COGS for "Bulk Non-Perpetual" Inventory

2. If it is unchecked, the system will NOT try to estimate the COGS on a shipping worksheet. The product line will look like this:

If you have additional questions, please contact the Support Team via email to  support@cietrade.net.