How do I track inventory costs?

    Record the cost of every item alongside its sale price and update both whenever costs change. The catalog should show margin per item.

    Cost tracking lets you see real margin per item, not just revenue. Without it, pricing is guesswork.

    Glo Invoice's catalog stores cost and price per product. Margin and markup show automatically. Update cost when supplier prices change and historical reports stay accurate.

    For weighted-average or FIFO costing across many lots, you'll want dedicated inventory software.

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