Know your true cost of goods sold. Down to the unit.
Stocksmith works out your COGS from what you actually paid for materials—not a number you set six months ago and forgot. Real cost per unit, live margins, and a year-end report that comes straight out of the work you're already doing. (Generic accounting software like QuickBooks can't calculate COGS per product — this is where most product businesses run into trouble.)
If your costs haven't been updated since you last spoke to your supplier—and let's be honest, that was a while ago—you're pricing from memory. Stocksmith costs every product from the actual prices on your purchase records, so you can see your real margin before you set a price. In tightly regulated industries the same discipline is doubly important—our guide to cannabis manufacturing software looks at costing where every gram is accounted for.
True cost per unit from real material costs
Labor and overhead allocated per product
Live margin on every product and variant
Wholesale and retail pricing you can stand behind
Cost & marginper unit
Materials$3.10
Labour$0.80
Overhead$0.28
True cost per unit$4.18
Sell price$18.00
Gross margin76.8%
Material price up? Your margin recalculates instantly
COGS captured the moment you make a batch
When you log a production run, Stocksmith deducts the materials at what they actually cost and books your finished goods at their real cost per unit. Your COGS isn't something you reconstruct at year-end—it's recorded as you work. This is the foundation of manufacturing costing software that actually gives you visibility into what each product costs to make.
Manufacture · 120 unitsLavender Body Butter
Shea butter, refined− 9.6 kg
Lavender essential oil− 480 ml
Amber glass jar, 200ml− 120
Lavender Body Butter 200ml+ 120
3 materials deducted · 120 units added to stock
Year-end reports without the receipt archaeology
The COGS report your accountant asks for is already there. Inventory valuation at cost, cost of goods sold for the period, ready to hand over. Stocksmith values inventory at weighted average cost—one of the cost formulas permitted under IAS 2 (Inventories). Tax time stops being a separate project you dread.
Inventory valuationtoday
Raw materials$14,820
Work in progress$3,240
Finished goods$21,510
Total stock on hand$39,570
COGS, last 30 days$11,940
Reports ready for tax time — no reconstruction
Built on inventory that's always current
Accurate COGS depends on accurate stock. Stocksmith keeps materials and finished goods in real time as you buy, make, and sell—so the costs it reports are built on numbers you can actually trust.
InventoryLive
Item
On hand
Status
Lavender Body Butter 200ml
412
In stock
Amber glass jar, 200ml
1,240
In stock
Vitamin C Serum 30ml
38
Low
Shea butter, refined
6.2 kg
In stock
Raw materials and finished goods, always current
See why product businesses choose Stocksmith
Start your free trial today—no credit card required, set up in minutes.
"Being able to manage our inventory and accurately assess our cost of goods has allowed us to scale our business with confidence."
JB
Jennifer B.
Creation Skin • Skincare Manufacturer
"The automatic deduction of materials during manufacturing is a HUGE time saver and a guarantee of accurate inventory."
SB
Sarah B.
Who Scent You • Home Fragrance Brand
Who is Stocksmith for?
If you run a small-batch product business or small manufacturer, Stocksmith was built for the way you work. Whether you make cosmetics, candles, soap, food, supplements, or cleaning products, Stocksmith calculates your real cost of goods sold from multi-level recipes and production runs—so you can price with confidence and scale without losing track of your margins.
Sign up for any plan and get full access to every feature for 14 days—no credit card required. Enter a few materials with their costs, build a recipe, and Stocksmith shows your true cost of goods sold per unit instantly. At the end of the trial, subscribe or walk away with no obligation.
What is cost of goods sold (COGS) software?
COGS software calculates what it actually costs to produce the goods you sell, using your real material costs, labor, and overhead. Stocksmith builds COGS from the prices on your purchase records and the recipes behind each product, so your cost per unit reflects what you genuinely paid—not a rough estimate.
How does Stocksmith calculate COGS for manufactured products?
Stocksmith rolls up the cost of every material in a product's bill of materials, adds any labor and overhead you allocate, and tracks it through each production run. When you manufacture a batch, materials are deducted at their actual cost and finished goods are valued at their real cost per unit—so your COGS stays accurate as you produce.
Can I use Stocksmith's COGS reports for my taxes?
Yes. Stocksmith generates a cost of goods sold report and an inventory valuation at cost for any period, which is exactly what you (or your accountant) need at year-end. Because it's built from the purchases and production you've already recorded, there's no separate reconstruction from a shoebox of receipts.
