Where do I go to add COGS (cost of goods sold) to a revenue stream in myfinancials? What steps do I follow to add cost of sales in a specific revenue stream? How can I enter cost of sales for a revenue stream in Bizplan?
In Bizplan, each revenue stream includes a default Cost of Sales entry to help you forecast gross revenue. If your product or service incurs multiple cost categories (e.g., materials, labor, packaging), you can add additional Cost of Sales entries under the same revenue stream for more accurate financial modeling.
Steps to Add Cost of Sales
-
Log in to your account and go to the builder.
-
Click on Finance in the left-hand navigation menu.
-
Select the Revenue tab at the top of the page.
-
Locate the revenue stream you want to modify and click it to expand the view.
-
Scroll to the Cost of Sales section. You’ll see one entry already included by default.
-
Click the + Add Cost of Sales link.
-
Fill out all the necessary fields as needed.
-
Click Save in the lower-right corner to finalize.
Notes
-
This allows you to itemize multiple costs tied to a single revenue stream.
-
You can edit or delete individual entries at any time.