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COGS: Reporting on Inventory Costs and Cost Impacts
COGS: Reporting on Inventory Costs and Cost Impacts

Where you can view reports that highlight inventory costs and how various inventory adjustments impact costs in GrowFlow Wholesale

Madie avatar
Written by Madie
Updated over a week ago

Updated 05/02/2022

Once you have set up COGS in your GrowFlow account, there are several reports within GrowFlow that will display Cost data. This document assumes you are familiar with these reports; it is only intended to highlight the cost details that appear.

Conversions History

For any conversions/packaging where the inputs had associated costs, you can view a cost breakdown as part of the Conversions History.

1. Head to Inventory > Conversions

2. Locate the Conversion. Once located, you can view a cost breakdown as follows:

  • A. Total cost of the converted inventory item

  • B. Click Show Inputs to see a breakdown of all cannabis and non-cannabis inventory inputs

  • C. View the cost of each input, based on cost per unit (×) total units used

Transfers Report

Head to Dashboard > Reports > Sales > Transfers to view any orders where Costs were recorded against the inventory in the Cost column as well as the cost of all items alongside the price.

Inbound Transfers Report

Head to Dashboard > Reports > Sales > Transfers to view any inbound orders where Costs were recorded against the inbound inventory in the Cost column.

Destruction Report

Head to Dashboard > Reports > Changes > Destruction to view any inventory records destroyed via Inventory > Destroy. The total cost of the inventory loss, based on the per-unit cost of each item, will be displayed in the Loss Exp. column.

Adjusting Inventory and Cost Impacts

There are two methods for adjusting inventory on the Inventory Overview that are outside of the standard converting / packaging / lotting workflows:

1. Adjust

2. Destroy

Each of these methods will have different impacts on your inventory costs. This document assumes you are familiar with both adjustment processes; only the impacts to cost tracking will be highlighted here.

  • Note: You can only modify the inventory quantities, not their costs, at this time.

Adjust Inventory

Inventory adjustments will not explicitly impact costs. In other words, if you adjust a quantity up or down:

  • It will not change the total cost associated with that specific package

  • It will also not consider any adjustments a loss, and therefore not represent these in any lost cost reporting

Destroy Inventory

Destroyed inventory will be reflected as a lost inventory cost, as there is an explicit loss of available inventory that would otherwise be incorporated into production runs.

  • This will be reflected in the Destruction report, noted in the above section, based on the per-unit cost of the destroyed inventory

Fantastic work, team!

Head to COGS: The Complete Guide if you have not yet followed the Complete Guide to setting up COGS in GrowFlow

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