COGS Tracking and Allocation Overview Tracking Cost of Goods Sold (COGS) tells you the actual gross margin on every order — revenue minus what you paid for the products you sold. Most platforms let you enter a cost price per product, and accounting integrations (QuickBooks, Xero) use that to generate COGS entries automatically. Landed cost allocation (freight, customs, duties) requires either a dedicated app or manual allocation in your accounting software. Only build a custom COGS system if your platform cannot meet your costing method requirements (FIFO, weighted average). When to Use This…