Inventory and COGS that reach your P&L
What you hold, what it cost, and what it did to your margin.
Know what is on the shelf, what it cost, and what each sale really earned. Stock and cost of goods sold move with every purchase and sale, so your margin is there without a month-end count spreadsheet.
14-day free trial · No credit card required
Included in: Pro and above
Cost of goods sold, as its own line in your Profit and Loss. Sample data.
What it does
Track stock, value it, and let cost of goods sold hit your P&L as it should.
Cost of goods sold, automatically
Selling an item moves its cost out of inventory and into COGS in the same entry.
Valuation reports
Inventory valuation, summary and detail, plus a physical count worksheet.
Wired to your accounts
Items carry their income, COGS and asset accounts, so inventory posts where an accountant expects.
How it works
How inventory & COGS works
- 1
Add items
Name, SKU, cost and the income, COGS and asset accounts they use.
- 2
Buy and sell
Purchases increase stock; invoicing an item moves its cost into cost of goods sold.
- 3
Count and value
Run a valuation report or a physical count worksheet when you take stock.
The details
Inventory & COGS, in detail
FIFO, LIFO or average cost
Each item carries its valuation method: first in first out, last in first out, or average cost, which is the default. Costing and valuation reports follow the method you set.
Reorder before you run out
Set a reorder point and reorder quantity per item, with the supplier and their SKU. You know what to buy and from whom before the shelf is empty.
Purchase orders into stock
Raise a purchase order with a vendor and receive against it when the goods arrive. An open purchase order list shows what is still on the way.
Sold from your item list
Link a product on your list to an inventory item. When it goes on an invoice, the quantity drops and its cost moves into cost of goods sold.
Trust
Your books, on your terms
Read-only bank connection
You sign in on your bank’s own screen. DynaTax AI can see balances and transactions. It can’t move money.
You stay in control
Nothing posts without your approval, except merchants you’ve already confirmed above the auto-post threshold.
Your data isn’t training data
Your data isn’t used to train AI unless you turn on Allow AI Training. It’s off by default.
A professional when you want one
Invite your own CPA into your books, or find one in the marketplace. Dyna’s answers are general information, not professional advice.
Plans
Where inventory & COGS is included
Pro and above. Every plan starts with a 14-day free trial, no credit card required. Pay yearly and get 12 months for the price of 10.
Bring your books with you: import transactions, your chart of accounts, opening balances, customers, vendors, invoices and bills from CSV, Excel or a QBO/OFX bank download. Switching from QuickBooks
- Starter$29 / month · 1 user
- GrowthRecommended$49 / month · 3 users
- Pro$99 / month · 10 users
Related features
Works well with
FAQ
Inventory & COGS questions
Run your business. Live your life.
Try inventory & COGS with your own books for 14 days. Less time on the books, more time for everything else.
No credit card required