Cost of Goods Sold (COGS) is important figure which is used for preparing financial statements and income tax forms.  AnyOrder will calculate this figure for you.  It can provide it on a product by product basis -- or a total of all of your products.

As a bit of background, it is helpful to know how AnyOrder calculates the value of your inventory.  Accountants use one of three methods:  First In, First Out (FIFO), Last In, First Out (LIFO) and Average Cost.  Average Cost is the method that AnyOrder uses since most accountants feel that Average Cost method is safest way of calculating the value of inventory.  You are, however, not limited to this method.  More information: inventory value methods.

To obtain the Cost of Good Sold figure, select PRODUCT TOOLS >> INVENTORY FUNCTIONS and click on the "Choose Start and End Dates" button.  Either select the year or Indicate the range of dates that you want the report to cover.  If you need to have ending inventory figures (which is normally the case), use the beginning of your fiscal year for the start date.  Then select the desired ending date.

After entering the dates, AnyOrder will notify you which Inventory File it is using.  Click "Continue Process."

The "Sales Activity and Inventory Report will appear when the process is complete.  You'll see that each page of the report is a different product.  The report provides you with the "Cost of Products Sold" (which is the same as "Cost of Goods Sold") for each product.

To obtain the total for all products, select TOOLS >> GRAND TOTALS:

You'll find more details the report here: Sales Activity and Inventory Report Screen.