Sellerboard Cost of Goods: What It Is and How to Use It for Your Amazon Business

If you’re an Amazon seller, you’ve probably heard the term cost of goods or COGS tossed around a lot.

But what exactly does it mean?

In this guide, I’ll walk you through exactly that.

Plus, I'll tell you how to set it up inside Sellerboard, and why it matters for your Amazon business decisions.

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But before we dive in, if you want a detailed walkthrough of Sellerboard, I have a video tutorial on my channel where I invited Jenny Adams from Sellerboard.

Together, we go through all the features step-by-step and share best practices for using them effectively.

You can watch the full tutorial here:

Or, if you prefer reading, there’s also a written version available on my blog: How to Use Sellerboard - Detailed Tutorial & Review.

Now let's begin!

What Is the Cost of Goods in Sellerboard?

Cost of Goods aka COGS refers to the total amount you spend to get a product ready for sale.

This usually includes the price you pay for the product from your supplier, shipping fees, customs duties, and any other costs involved before the item lands in your Amazon warehouse.

Tracking your Sellerboard cost of goods accurately helps you see the real profit you make on each sale.

If you only look at your selling price without subtracting these costs, your profit picture will be misleading.

But why does it matter?

Well, because if your costs are off, you might think you’re doing better than you actually are.

Or worse, you might miss out on signs that you need to adjust pricing or sourcing.

-: Gentle Reminder :-

Get 2-Month Extended Sellerboard Free Trial

How to Set Up Sellerboard Cost of Goods

Setting up the cost of goods in Sellerboard is straightforward, but it’s important to get it right from the start.

Here’s how I do it:

1. Go to the product list in Sellerboard.

2. Select the product you want to update.

3. Enter your cost per unit. This should include the product price plus any shipping or customs fees.

4. Update regularly. If your supplier changes prices or shipping costs fluctuate, keep Sellerboard updated so your data stays accurate.

A handy tip: Don’t forget to factor in all hidden costs like packaging, prep service fees, or storage if they apply. The more accurate your input, the clearer your profit picture.

Tracking Cost of Goods for Better Profit Insights

One of Sellerboard’s strengths is how it uses your cost of goods data to show real profits, not just revenue.

It subtracts the COGS, Amazon fees, and other expenses so you can see exactly what you earn.

Common mistakes sellers make with cost of goods are:

1. Ignoring shipping or customs fees. You might pay extra to get your products shipped, and if this isn’t added, your profit looks better than it really is.

2. Not updating costs regularly. Suppliers can increase prices, so always update COGS when that happens.

3. Mixing COGS with other expenses. Sellerboard separates these, so keep your COGS focused on what you pay to get the product ready to sell.

By keeping a clean and updated cost of goods record, Sellerboard can give you reliable profit numbers that help you make better decisions.

-: Gentle Reminder :-

Get 2-Month Extended Sellerboard Free Trial

How Cost of Goods Affects Your Amazon Business Decisions

Knowing your real cost of goods affects more than just profit reporting.

It touches several areas of your business:

1. Pricing Strategy: If you know your true costs, you can price your products to ensure profits while staying competitive.

2. Inventory Management: Understanding COGS helps you decide which products are worth restocking and which aren’t performing.

3. Cash Flow Understanding: Knowing how much money you spend per product helps you plan your cash flow better — so you’re not caught off guard by expenses.

Think of the cost of goods as the foundation of your financial picture.

Without it, the numbers you see might be only part of the story.

Sellerboard's Cost of Goods Features vs. Other Tools

Many sellers wonder how Sellerboard cost of goods tracking compares to other tools like Jungle Scout or Helium 10.

Here’s what stands out with Sellerboard:

1. Sellerboard focuses heavily on accurate profit calculation by integrating real-time cost of goods data with sales and Amazon fees.

2. It updates your profit and loss automatically, giving you a daily snapshot instead of waiting until month-end reports.

3. You get alerts if your profits dip below a set level, which can save you from losing money unnoticed.

While other tools may provide product research or keyword tracking, Sellerboard’s strength is detailed profit analytics centered around accurate cost data.

If you still want to explore other alternatives, my guide on Sellerboard alternatives might help you make a wise decision.

Read it here: Sellerboard Alternative - 4 Alternatives To Consider

Wrapping Up and Special Offer

Getting your cost of goods right in Sellerboard isn’t just an accounting task — it’s a strategy.

It affects how you price your products, when you restock, and how you plan for cash flow.

With an accurate view of your expenses, you can avoid costly surprises and make decisions based on real profit numbers, not guesses.

If you haven’t set up your COGS in Sellerboard yet, now’s the time.

And if you want step-by-step guidance, don't forget to watch my full YouTube tutorial with Jenny Adams.

It's already embedded at the start of the article.

And if you’re curious to learn even more about Sellerboard, just click the button below to check out my full playlist of videos.

Dive into My Playlist of Sellerboard Tutorials

Until next time.

Vova Even

I also invite you to read about Sellerboard's inventory planner for inventory management on Amazon.