![]() ![]() This includes everything that goes into making and delivering the product to your customers. COGS: Creating Your ProductĬost of Goods Sold (COGS), sometimes called Cost of Revenue (COR) or Cost of Sales (COS) in businesses that provide services rather than physical goods, covers the money your company spends creating and delivering its product or service. While they both constitute money your business is spending, they include different costs, giving you additional information about the health of your business. The short answer is that no COGS and OPEX are not the same thing. I do not believe the system should be advertised as being able to integrate with Xero it just data dumps as there is only a once of communication with Xero.A common question we get from our CFO services clients is, how is the Cost of Goods Sold (“COGS”) different from Operating Expenses (“OPEX”)? They’re both about spending money to allow your business to function are they just two terms for the same thing? Which is which, and why does it matter? Any changes to the system can not be transferred back the other way. Have to split up each Xero invoice to correctly report the WET. Not option for wine that is not rebatable and rebatable. MYOB does not seem to have a problem with the different reporting calculations with WET but vintrace does especially when inter-grating with Xero. WET calculation choice and which calculation is used based on Retail sales. It is not flexible in allowing settings to be used to customise the system to be relevant to the organisation. Inventory and product build is clunky as you have to be very specific on how you build a product otherwise the costing will report incorrectly so this exposes us to incorrect costing errors and the financials, sales orders and reporting is clunky and amateurish compared to what is available on market. Overall: As far as the management of the manufacturing it works well for the wine maker. The volumes should remain so that you dont need to re-enter all volumes - especially if you are only correcting one When correcting a dispatch, the volumes of each stock item revert to zero. Need to go back into the SO to click on the Xero link to invoice the customer Sales Orders automatically close once saved. No ability to allocate stock items by SKU, Brand, Vintage, Variety, Region, etc when creating the stock item Would like the ability to group data more efficiently. ![]() No ability to dispatch a Sales Order more than 24 hours in advance This should be a 'COGS Code' so that the expense on the PO is allocated to COGS in Xero ![]() When creating a stock item, Vintrace asks for an 'Asset Code'. No ability to sync payment terms on PO's from Vintrace to Xero No easy way to ensure that costs allocated in Vintrace reconcile to the relevant invoice/Cost of Sales accounts in Xero Cost allocation method is different depending on whether you are bottling, purchasing a stock item or allocating storage/freight Terms on pricelist not visible on Sales Order. No ability to handle retail WET without manually journaling to Xero each month Require multiple pricelists for each payment term. Cons: - Payment terms on pricelist, not on customer level. ![]()
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