For product-heavy SMEs, tracking Cost of Goods Sold (COGS) accurately is the key to understanding real profitability — but it’s also one of the most time-consuming parts of bookkeeping. Between supplier invoices, logistics fees, and production costs, many businesses end up relying on rough estimates or delayed reports that miss the true cost picture.
Here’s a simple, automated method to track COGS accurately — without adding more admin work — using ccMonet.
Every COGS report starts with supplier data — but manually keying in invoices from multiple vendors slows everything down.
With ccMonet, your team can simply upload supplier invoices (or forward them by email). The AI automatically reads and categorises each entry — even handwritten or multi-language bills — tagging them under the right product or category.
This ensures that every purchase, from raw materials to packaging, is recorded in real time and ready for COGS calculation.
One of the biggest COGS challenges for SMEs is linking what’s sold to what’s purchased.
ccMonet automatically syncs financial data from your invoices and sales receipts, mapping costs to related revenue lines. You don’t need to manually match items or update spreadsheets — the system learns your patterns over time, improving accuracy with every transaction.
That means when you sell a batch of goods, the related material and supply costs are already accounted for.
Real COGS isn’t just the cost of materials. It also includes expenses like freight, packaging, and subcontracting. Many SMEs forget these, causing underreported costs and inflated profit margins.
With ccMonet, any expense tied to production can be automatically linked to your COGS. The AI identifies recurring vendors (e.g. couriers, packaging suppliers) and classifies their bills as indirect costs — ensuring your total cost base is complete.
Instead of waiting for your accountant to close the books, ccMonet’s AI Insights dashboard shows your gross profit and cost ratios in real time.
You can see:
No spreadsheet updates, no waiting for reports — just live financial clarity, every day.
As your product range or supplier list grows, COGS tracking usually becomes more complex. But with AI automation, the system scales naturally. ccMonet applies consistent categorisation across all products and branches, keeping your data clean and comparable no matter how fast you grow.
For product-heavy SMEs, getting COGS right doesn’t have to mean more manual work. ccMonet automates every step — from supplier invoice capture to real-time profit insights — helping you understand your true margins at any moment.
Stop guessing. Start seeing your real cost of goods — with ccMonet.
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