The other problem here is that it’s almost functionally impossible to get accurate COGS in a semi-complex physical product business without an ERP like NetSuite. There is *a lot* of handwaving that has to happen - even in well-intentioned businesses - when running on QB/Xero.https://twitter.com/brentbeshore/status/1002948713298317312 …
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Replying to @zackkanter
@fishbowl is very helpful for this. You can stay on QB, dial in COGS and Inv mgmt, and much cheaper than Netsuite (i have no affiliation with FB)1 reply 0 retweets 0 likes -
Replying to @grahamhawkes @fishbowl
Have you used it personally? Curious how many SKUs. These things typically fall apart with more complexity.
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Replying to @zackkanter @fishbowl
Yes I have, manufacturing and selling 200+ SKUs. Hasn't fallen apart but not very complex right now, e.g. no WIP. Has pros and cons but a cheap, easy way to get accurate COGS without going full ERP.
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Replying to @grahamhawkes
FWIW, NetSuite starts around $15k a year. Typically a lot less than people are expecting.
11:44 AM - 6 Jun 2018
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