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Total cost of goods sold report
Why is my cost of good so keep going up even though I’m selling items. Isn’t it supposed to go down or maybe I’m not checking the right reports
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Hey @Championnfld,
I appreciate your patience while we get back to you!
If you are still inquiring about this I have tagged some super sellers who can assist ( @Candlestore @JUYBoutique20 @Twiggy). thank you all!
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@Championnfldand @MayaP ;
With Cost of Goods Sold, when an Item is sold, the amount of cost for Goods sold will rise. Your Inventory will decrease for the item you sold, and your costs of the Goods you Sold would rise. So when you sell your Item, Square uses the cost you bought it for and adds it to the Cost of Goods sold for the Time period your looking at. So you might be looking at the wrong report or have Inventory and The Cost of Goods Sold report mixed up. Hope this makes sense.
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When you sell an item your cost of goods goes up and your inventory goes down. I agree with @Candlestore you might be looking at the wrong report.
Owner of Jackie's Uniquely U Boutique
Owner of Uniquely U Anime