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Track product costs (COGS)
When you track product costs, Talisk books cost of goods sold as your Shopify payouts post, so your Profit & Loss shows real margin.
Connecting Shopify switches this on automatically. To turn it off or back on, open the book in Ledger › Setup, click Edit, and use Track cost of goods sold from Shopify product costs.
Costs sync from Shopify, but some products won't have one. To fill the gaps:
- Go to Ecommerce › Products, then Missing costs.
- Enter each product's cost and Save, or import a
sku,costCSV in bulk.
Orders missing a cost are held out of COGS until you supply it (Talisk never guesses), then catch up on the next payout. With this on, categorize stock-purchase bills to 1200 Inventory rather than a cost account, so cost is recognized when the sale posts.
Good to know: Cost tracking is Shopify-only, and an order with no cost is held out of COGS
entirely rather than guessed, so fill missing costs to book it. A saved cost
only fills a blank; it never overwrites a cost that synced from Shopify.