Separate the decisions
A settlement review connects selling activity with payment records. Cost of goods sold introduces another data source and another set of accounting decisions. Do not assume a sales connector knows the correct landed cost, stock movement or treatment of every return merely because it knows a SKU.
Understand the documented feature
Link My Books describes using entered product costs for a separate COGS output, with an analytics-only option. That is a workflow capability, not an independent valuation of inventory. Confirm the cost data and intended posting behavior before enabling it.
Review the inputs
Prepare a private list of cost source, currency, effective date, responsible owner and treatment of missing SKUs. Ask how returns, bundles and changing costs are handled in the actual setup. A fictional SKU with an entered cost of 8 does not establish that 8 is the complete or correct accounting cost.
Keep the boundary visible
Our site does not calculate inventory valuation or recommend stock-control software. If the real problem is stock accuracy, purchasing or landed-cost policy, solve that with the relevant inventory and accounting workflow. Within settlement review, identify any separate cost entry so it is not mistaken for a duplicate sales posting or part of the cash payout.
Sources used for this page
These records support the facts and comparisons above. Merchant-controlled records are labelled so you can separate product claims from independent evidence.
- COGS feature — Merchant documentation · help.linkmybooks.com · Merchant-controlled · checked 2026-09-30
- COGS limitations — Merchant documentation · help.linkmybooks.com · Merchant-controlled · checked 2026-09-30