For manufacturers, Cost of Goods Sold (COGS) isn’t just an accounting line — it’s the heartbeat of operational efficiency. Raw materials, labour, freight, and factory overhead all flow into it. But when these numbers are only reviewed monthly, small misalignments turn into big distortions. A simple weekly COGS check keeps numbers reliable, costs traceable, and margins steady — without waiting for closing day.
Here’s how manufacturing SMEs can make it work, powered by ccMonet.
The biggest source of COGS error? Confusing what’s bought with what’s used.
ccMonet’s AI Bookkeeping ensures every material invoice is logged immediately, but the weekly review should focus on consumption per order, not total purchases. By comparing raw material usage against production output, you can detect waste, leakages, or over-issuance early — before they distort margins.
COGS should reflect everything directly tied to production: raw materials, subcontracting, packaging, freight, and short-term labour.
Instead of waiting for invoices to arrive later, ccMonet lets staff upload expense documents as soon as they’re issued — even handwritten ones. AI extracts and categorises the data instantly, keeping weekly cost snapshots complete and current.
Delays in payment posting can make COGS appear lower than it really is.
ccMonet’s AI Bank Reconciliation connects directly to your bank feeds, matching each payment to its corresponding invoice and order automatically. This ensures every expense is tied to the right production batch, so reported costs always reflect reality.
Each week, review actual COGS versus expected cost from your job estimates or BOMs (Bill of Materials).
ccMonet’s AI Insights automatically visualises variances — showing where material cost per unit has increased, or where certain jobs consumed more inputs than planned. It turns raw numbers into clear, actionable trends.
Make your COGS check lightweight but consistent:
By keeping it short and data-driven, the routine becomes sustainable even for lean teams.
ccMonet integrates all the moving parts — purchase invoices, staff reimbursements, subcontracting costs, and supplier payments — into a single dashboard view. Owners and finance leads can see real-time COGS per job, category, or plant, without waiting for accountants to close the books.
A weekly COGS check transforms how manufacturing SMEs operate: it turns reactive accounting into proactive control. With ccMonet automating capture, reconciliation, and reporting, your cost data stays accurate, timely, and ready for decision-making — all week, every week.
Make the five-day workweek your five-day accuracy loop — and keep your factory’s numbers as precise as its production.
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