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QuickBooks
COGS (Accrual) by Product
COGS (Accrual) by Product calculates the total cost of goods sold (COGS) for each product sold by a business. This metric helps to analyze profitability and optimize pricing strategies.
With Databox you can track all your metrics from various data sources in one place.
- About
- Technical Details
What is "COGS (Accrual) by Product"?
The Cost of Sales (COGS) by Product metric measures the total cost incurred to produce and sell a specific product. It includes the direct expenses such as materials, labor, and overhead costs. This metric helps businesses to understand the profitability of each product and make informed decisions about pricing, production, and inventory management. By comparing the COS by Product with the sales revenue, businesses can determine the gross profit margin for each product and identify areas where they can optimize their operations and increase profitability.
Example: COGS by Product can show the profitability of a specific product line or service offering in QuickBooks, helping a business identify which products or services are most profitable and adjust pricing or strategies accordingly.
Visualizations
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Bar and Line Chart
Used to show comparisons between values.
How to track COGS (Accrual) by Product in Databox?
Databox is a business analytics software that allows you to track and visualize your most important metrics from any data source in one centralized platform.
To track COGS (Accrual) by Product using Databox, follow these steps:
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1Connect QuickBooks that contains the metric you want to track
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2Select the metric you want to track from the list of available metrics
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3Drag and drop the selected metric onto your dashboard
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4Watch your dashboard populate in seconds
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5Put COGS (Accrual) by Product on the Performance screen
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6Get COGS (Accrual) by Product performance daily with Scorecards or as a weekly digest
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7Set Goals to track and improve performance of COGS (Accrual) by Product
GoalsSet Goals to track and improve your performance
ScorecardsGet your daily progress every morning with Scorecards
Metric DigestReceive detailed weekly performance updates
Metric BuilderBuilt your own custom metrics with Metric Builder
Data CalculationsSet Goals to track and improve your performance
Performance ScreenGet instant insights into your top-performing metrics
General
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DescriptionCOGS (Accrual) by Product calculates the total cost of goods sold (COGS) for each product sold by a business. This metric helps to analyze profitability and optimize pricing strategies.
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CategoryAccounting
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Date Added2016-05-20
Specification
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Metric Typegeneral
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DimensionalYes
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Decimal DigitsYes
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Currency UnitsYes
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GranularitiesDaily, weekly, monthly, quarterly, yearly and all-time.
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Custom Relative PeriodsYes
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Data AvailabilityAt sync, it ranges from 36 months ago midnight to now.
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Retroactive Data UpdatesNewly synced data is merged with existing data, replacing values for matching periods.
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Future Data AvailableNo
Visualization
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Default FormatPrefixCurrency
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Cumulative GraphYes
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Favorable Trendincreasing
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Media CreativesNo
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ForecastsYes
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BenchmarksNo
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Databox Inc.
HQ: Boston, MA, USA
Modern BI for teams that needs answers now
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