Cost of Goods Sold (COGS) Software

COGS trackingbuilt for how you make

If you're still calculating COGS in spreadsheets at tax time, you're working harder than you need to. Craftybase tracks your material costs, labor, and overhead as you go — so your Cost of Goods Sold is always accurate and ready when you need it.

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Cost of Goods Sold for MRP

Everything you need, nothing you don't

COGS software built for makers

No bloated enterprise features. No accounting software you need a CPA to understand. Just the Cost of Goods Sold tracking you actually need to run a small manufacturing business — and nothing more.

Automatic COGS calculations

Buy materials, make products, sell them — Craftybase calculates your Cost of Goods Sold automatically using IRS-approved weighted average costing. No spreadsheet formulas required.

Multi-level recipes and BoMs

Your candle isn't just wax — it's wax, fragrance, dye, and a wick. Build recipes with as many layers as you need, and Craftybase figures out the true cost of each.

Tax-ready reports

Pull your COGS and inventory valuation reports in seconds — no last-minute scrambling. Our calculations are GAAP compliant and IRS-approved.

Stop dreading tax time

Most makers cobble together COGS from memory and spreadsheets when tax time hits. Craftybase tracks everything as you go — material costs, labor, overhead — so your Cost of Goods Sold is always accurate and ready. Our calculations use IRS-approved weighted average costing and are GAAP compliant.

Tax-Ready Reports

Pull your COGS and inventory valuation reports in seconds — exactly what your accountant needs, with no scrambling.

Precise Unit Costs

Track material usage costs to 5 decimal places. When you're measuring fragrance oils by the gram, precision matters.

QuickBooks Sync

Sync your COGS and inventory valuations directly to QuickBooks Online — no manual journal entries required.

Know the true cost of everything you make

Your products aren't simple — why should your costing be? Whether you're blending fragrance oils into a base, assembling kits from pre-made components, or running batch recipes, Craftybase tracks every ingredient and calculates the true cost of each product. Materials, labor, overhead — it's all factored in.

Always know what you have

No more digging through bins or guessing if you have enough wax for tomorrow's pour. Craftybase shows you exactly what's in stock — materials and finished goods — updated automatically as you make and sell. When something's running low, you'll know before it becomes a problem.

Inventory management for small manufacturers

Track every batch, every lot

Need to know which batch of fragrance oil went into which candles? Or trace a soap batch back to its supplier? Craftybase tracks lot numbers, expiry dates, and supplier info from purchase to sale. If you ever need to pull a product, you'll have the answers in seconds — not hours.

See what's actually making you money

That bestselling product? It might not be as profitable as you think once you factor in materials, labor, and overhead. Craftybase calculates your true costs and margins automatically — so you can spot the winners, fix the losers, and price with confidence.

Profitability and margin reports for small manufacturers
Know what your products cost, what they're worth, and where your profits are hiding.
See why thousands of makers trust Craftybase.
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Built to Scale With You

Start small, grow big

Whether you're tracking COGS for 10 products or 1,000, Craftybase handles it. Start with the basics and add more as you need it — no pressure to upgrade before you're ready.

No long-term contracts. No features you'll never use. Just the Cost of Goods Sold tools you need to run your manufacturing business — at a price that makes sense.

I'm impressed with the ability to track minute quantities of essential oils and other materials used in multiple products. I love the conversion from purchase to tracking units, and love the ability to make components and recipes.

Elise Wishlow
Elise Wishlow
Press & Still

Craftybase makes it easy to create my formulas and automatically calculates what I need to use, when to re-order, how much it costs me to make my products, and so much more. I literally could not function without it!

Samantha
Samantha
Willow WaxCraft

This report makes tax time almost enjoyable. No more lists and spreadsheets — I just run the report for the time I need, and it's done!

Kelly Arias
Kelly Arias
Kelly Arias Jewelry

Craftybase has given me the tools amp; resources to accurately track my materials, recipes, and inventory. I love that I can build out my recipes and make adjustments to see my cost in real time.

Tiffany Jensen
Tiffany Jensen
Desert Bath Company

We do not know what we would do without this application. Spreadsheets and confusing documents is a thing of the past now!

Kahne
Kahne
Aerie Lane

I love that the app keeps track of how much material I have on hand and how much it costs me exactly… This allows me to really know how much my products cost me to make and how much I should charge.

Janna
Janna
Papercraft Miracles

My favourite feature is the software's ability to calculate the cost of our products in real-time, taking into account the increase in the costs of raw materials.

Lina Andreas
Lina Andreas
Baba's Soapery

Craftybase is an instrumental part of our bookkeeping. Having a business that manufactures products with countless raw materials, Craftybase keeps us organized and helps us have a clear picture of the health of our business.

Bri
Bri
The Good Hippie

I love that Craftybase keeps track of the cost of materials over time including shipping. As costs creep up I can make sure my product prices reflect that reality.

Arrowyn
Arrowyn
Little Gold Fox Designs

Craftybase allows us to be lean with our materials inventory so we won't have any overage of inventory. It provides a great easy-to-use analysis of COGS to help us better manage our margins.

Duke Ahrens
Duke Ahrens
Cirque Colors

Craftybase helps me keep my sales automatically entered into my system so that I can get on with doing the fun part: the creative products I make!

Kitty
Kitty
Oh Crumbs Bakery

It's super important that we can record and trace ingredient lots and production batches. Craftybase has made this process streamlined and easy to stay organized.

Angie Flickinger
Angie Flickinger
Waterbody

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Common Questions

Frequently Asked Questions

What is Cost of Goods Sold (COGS) software?
COGS software tracks the direct costs of making your products — raw materials, labor, and overhead — and calculates your Cost of Goods Sold automatically. Instead of cobbling together spreadsheets at tax time, you have accurate numbers ready when you need them. Craftybase is COGS software built specifically for small manufacturers and makers.
What does COGS stand for?
COGS stands for "Cost of Goods Sold" — the direct costs of producing the products you've sold during a period. This includes material costs, direct labor, and manufacturing overhead. It's a key figure for your tax return and for understanding your true profit margins.
How does Craftybase calculate COGS?
Craftybase uses weighted average costing — an IRS-approved, GAAP-compliant method. Every time you buy materials or manufacture products, your average costs update automatically. When you sell, the cost of materials used flows into your COGS. No manual calculations, no spreadsheet formulas, no guessing.
Is my business too small for COGS software?
If you're making products from raw materials — even just a handful — you're big enough. In fact, the earlier you start, the easier it is. Many makers wait until tax time to figure out COGS, then spend hours recreating numbers from memory. With Craftybase, your costs are tracked as you go. We also offer a free COGS spreadsheet template if you want to start simple.
Can I sync COGS to QuickBooks?
Yes — our Growth plan includes QuickBooks Inventory Sync, which pushes your COGS and inventory valuations directly to QuickBooks Online. No more manual journal entries or month-end scrambles — your accountant gets accurate numbers automatically.
What reports does Craftybase generate for COGS?
Craftybase generates COGS reports and Inventory Valuation reports — exactly what you need for tax filings. You can pull reports for any date range, see material-level detail, and export everything for your accountant. Our calculations follow IRS-approved methods, so you can file with confidence.
Is there a free trial?
Yes — every plan comes with a 14-day free trial. No credit card needed. You can bring in your existing data, connect your sales channels, and see if Craftybase fits the way you work before you commit.

Sell Everywhere, Manage in One Place

Connected where it counts

If you're selling on Etsy, Shopify, Amazon, and your own website — you already know the pain of tracking costs across all of them. Craftybase pulls in orders from all your channels, calculates COGS automatically, and keeps everything in sync. No more spreadsheet chaos.

And if you're tired of copying numbers into QuickBooks at month-end? We sync your COGS and inventory valuations directly — so you can skip the manual journal entries and get back to making.

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