Scope sheet
finbryn.com
Accounting
Inventory and cost of goods sold accounting
Inventory and cost of goods sold accounting from Finbryn reviews the costing method a US business applies, FIFO, average cost or standard cost, in QuickBooks Online or NetSuite, and reports gross margin by product line instead of one blended figure. Cost variances are investigated each period so the number reflects what actually happened.
What is included
- A reviewed and documented costing method applied consistently period to period
- Cost of goods sold and gross margin reported by product line or category
- Landed cost, freight, duty, brokerage, allocated into inventory value for imported goods
- A standing process for investigating standard cost and landed cost variances each period
- A recommended write-down list for slow-moving and obsolete inventory
- Reconciliation of inventory system data into the general ledger each period
- A margin report that ties to the company-wide profit and loss
The process
- 1.
Review the current costing method
We assess whether FIFO, average cost, or standard cost currently in use actually reflects how inventory moves through the business, rather than assuming the method already in place is the right one.
- 2.
Assess data available for margin breakdown
We check whether cost is tracked at the SKU, category, or channel level today, and flag early if the current setup needs more detail before product-level margin reporting is reliable.
- 3.
Set up landed cost allocation
For imported inventory, freight, duty, and brokerage costs are allocated into inventory value rather than expensed on receipt, so cost of goods sold reflects true delivered cost.
- 4.
Build recurring margin reporting
Cost of goods sold and gross margin are reported by product line or channel each period alongside the standard profit and loss, not as a separate, disconnected analysis.
- 5.
Investigate variances each period
Standard cost or landed cost variances are reviewed for their driver, a price increase, a freight spike, a receiving error, rather than being absorbed into the variance account without explanation.
- 6.
Flag slow-moving and obsolete stock
Inventory that has stopped moving or been superseded is identified and a recommended write-down proposed before it distorts year-end results or a lender's read of the balance sheet.
Software
QuickBooks Online, Xero, NetSuite, A2X
Quality control
Every deliverable is reviewed by a senior reviewer before it reaches you.
Pricing
Inventory and cost of goods sold accounting is generally scoped inside the Growth or Scale tier on the published US rate card at /us/pricing, based on SKU count, channel count, and transaction volume. A one-time project to build initial product-level margin reporting or correct a landed cost treatment is scoped separately as a fixed fee, with ongoing work then folded into your regular monthly accounting service.
Finbryn is a brand of Northlane Solutions Inc., a Delaware corporation.
Reviewed September 2026