Manage COGS Mapping in PayTraQer:
Product Name: This refers to the name of the product listed in your payment or e-commerce platform inventory.
COGS Product: Specify the corresponding product configured in your product cost data, which represents the cost of goods sold.
Condition: Choose "equals" if the product name exactly matches the product cost data. Alternatively, select "contains" if the product name does not match exactly.
Importance of COGS Matching:
Manage COGS Mapping in PayTraQer allows you to specify the Product Name from your payment or e-commerce platform inventory, link it to the corresponding COGS Product from your cost data, and set conditions like 'equals' for exact matches or 'contains' for partial matches.
To access the sales settings in PayTraQer, follow these steps:
- Click on the Gear icon.
- Choose "Settings" from the dropdown menu.
- Select the Payment Processor, which should be Stripe in this case.
- Look for the option labeled "COGS Matching
Manage COGS Mapping in PayTraQer allows you to specify the Product Name from your payment or e-commerce platform inventory, link it to the corresponding COGS Product from your cost data, and set conditions like 'equals' for exact matches or 'contains' for partial matches.
To access the sales settings in PayTraQer, just follow these simple steps:
- Click on the Gear icon.
- Navigate to Settings.
- Choose your Payment Processor, which should be Stripe.
- Finally, locate and select the option labeled "COGS Matching.
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Conclusion:
Understanding and effectively managing the Cost of Goods Sold (COGS) is crucial for businesses seeking to optimize their financial performance and make informed strategic decisions. By utilizing the COGS mapping feature in PayTraQer, businesses can streamline their accounting processes and gain deeper insights into their cost structures. For further assistance or inquiries regarding COGS management, feel free to reach out to our support team.
Related PayTraQer Articles:
1) Please refer to this article: How to rollback/undo the Synced transaction in PayTraQer
2) Please refer to this article: Overview of PayTraQer Summary Sync Settings
3) Please refer to this article: How to configure general Settings in PayTraqer
4) Please refer to this article: PayTraQer - Sales Settings Configuration
5) Please refer to this article: Configuration of Tax Settings for Summary Sync in PayTraQer
6) Please refer to this article: Configuration of Fees and Expenses for Summary Sync in PayTraQer
7) Please refer to this article: Configuring Additional Settings for PayTraQer Summary Sync
8) Please refer to this article: Configuration of Payout Settings for Summary Sync in PayTraQer
9) Please refer to this article: Configuration of COGS Matching for PayTraqer Summary Sync
10) Please refer to this article: Configuring COGS Settings for PayTraqer Summary Sync
You can reach out to us at support@saasant.com if you are stuck somewhere.