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COGS & Lots

Track what you paid. Sell knowing your real cost.

You bought a lot of 80 items for $240 at an estate sale. Profit Hawk splits the cost across every item you sell from it — automatically, using whichever cost method your accountant prefers.

  • Lot-based COGS tracking — one entry covers 200 items
  • FIFO, weighted average, or specific-ID cost methods
  • Sourcing trip costs (gas, mileage, time) allocated across the lot
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Plays nice with where you already sell.

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Resellers don't buy one item at a time. Your books shouldn't either.

The standard accounting model assumes you buy one thing and sell one thing. Resellers don't work that way. You buy a box of 50 books for $40, a pallet of mixed electronics for $800, or 200 items from an estate. Profit Hawk's lot system matches how you actually source. One lot entry, any number of items, cost allocated intelligently across every sale.

What lot tracking covers

Every sourcing scenario handled.

  • One-time lot purchase: estate sale, garage sale, wholesale pallet, auction
  • Ongoing consignment: per-consignor tracking with split reporting
  • Thrift sourcing: batch entry by store trip with per-item cost estimate
  • Trip cost allocation: gas, mileage, and time spread across the lot
  • Sub-lots: split a large lot into categories for separate tracking
  • Lot returns: adjust cost basis when an item comes back unsold
  • Tax-year COGS reporting: which lots were depleted in which tax year
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Create a lot in 30 seconds.

Enter the total cost, item count, source (estate sale, thrift, wholesale, auction), and date. Profit Hawk calculates the per-unit cost and applies it to every sale from that lot. You can also attach a photo of the receipt or invoice — useful at tax time.

FIFO, weighted average, or specific-ID — you choose.

Your accountant has an opinion on cost method. FIFO means the first items you sell use the oldest lot cost. Weighted average blends across lots. Specific-ID lets you assign an exact purchase cost to a specific item. Profit Hawk supports all three — switch at any time with a full cost recalculation.

Consignment splits tracked per consignor.

Selling items on behalf of other people? Each consignment batch gets its own lot with the agreed split percentage. Profit Hawk calculates your net take after the consignor's share automatically — and generates a per-consignor payout report.

COGS and lot questions.

You don't need to. Enter the total lot cost and item count — Profit Hawk divides it evenly and adjusts as you sell.
Yes. Switching cost methods recalculates historical COGS across all sold items. Your accountant should sign off on the switch, but the data change is instant.
Unsold inventory stays on the lot as remaining basis. It carries forward into the next tax year. Profit Hawk shows you the lot balance at any point — useful for year-end inventory valuation.
Yes. Add mileage, fuel, and time costs to the lot at creation. They're allocated across all items and show up in your mileage log and expense categories automatically.

Track what you paid. Know what you made.

Lot-based COGS built for resellers. Free 14-day trial.

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