This is a brief summary of the COGS-related reports in Luminous that many customers use for Month-End closing:
- Purchase Order Status Report (Tracking outstanding PO’s and verifying all receipts are logged)
- Stock Snapshot (Capture inventory valuation from beginning and end of month, also helpful for viewing total sold, adjusted, and received values for time period)
- Cogs insight dashboard (See COGS by SKU by channel in one place)
- Detailed sales revenue breakdown (See each transaction with revenue and cost)
- Inventory Valuation Report
Additional Reports for Reference in Fixing/Upkeeping Cost Layers:
- Transaction COGS report
- Cost Layers report
- Costs tab under an individual SKU
- Cost layer update import
In order to keep landed cost up to date, it’s critical that users are properly tracking PO’s, reconciling inbound shipments, etc.