COGS

HopsBoogie — Sun, 21 Sep 2025 11:12:47 GMT

My COGS report has the wrong revenue for an item (Bourbon 50ml). It is showing £2.92 per item rather than £5.83. If I look in the Item Library the selling price is correct.

This is affecting the GP reported via the COGS report- how do I change it?

Re: COGS

Breffni — Tue, 17 Jan 2023 09:24:00 GMT

Hi @HopsBoogie, thanks for raising this in the Community.

If you’d like to add or update a unit cost for a historical adjustment, just head to the History tab of your online Square Dashboard. Bear in mind, the Cost of Goods Sold report is calculated based on FIFO (first in, first out) sales of items received with a cost.

Also, the COGS report only accounts for completed item sales.

Just a reminder that since your profit is determined by the price you pay for an item (unit cost) subtracted from the item’s sale value, you’ll need to add a unit cost for each item variation for the COGS report to include the sale.

I hope this helps, we have some additional information in our support centre!

thread Re: COGS in Payments Troubleshooting

COGS

Re: COGS