Tracking Cost of Goods Sold (COGS) in a Shopify accounting system involves recording product purchase costs, shipping expenses, packaging, and any production-related fees. Accurate COGS helps determine true profit margins and guides pricing decisions. By updating inventory values regularly and reconciling supplier invoices, sellers maintain clear financial reports. Proper COGS tracking ensures better forecasting, budgeting, and overall financial visibility. To know more visit here https://straighttalkcpas.com/accounting-services/ecommerce/shopify
