A business owner is uncertain how to account for freight costs in inventory valuation and cost of goods sold (COGS), with no clear or consistent guidance.
Existing accounting software and general accounting guidance do not provide clear, role-specific rules for handling variable freight costs in inventory costing for small businesses.
CostFlow Pro
CostFlow Pro automates the allocation of freight and other landed costs to inventory items based on user-defined rules (e.g., by weight, value, or fixed amount). It seamlessly integrates with popular accounting software and provides clear guidance with GAAP-compliant defaults. Users can set rules for variable freight, and the system automatically computes adjusted unit costs and splits COGS entries correctly.
- Auto-allocate incoming freight costs to individual inventory items using customizable rules
- One-click generation of journal entries to post freight to inventory or expense as preferred
- Integration with QuickBooks, Xero, and other accounting platforms
- Dashboard showing adjusted inventory valuation and COGS impact in real-time
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