What is Trackost?
Trackost is an innovative software solution tailored specifically for artisans within the handmade industry, serving businesses that produce items such as soaps, candles, cosmetics, jewelry, and gourmet foods, particularly those operating on platforms like Etsy, Shopify, and Faire. Although these sales platforms offer insights into product performance, they often neglect the expenses tied to production, which can lead to unforeseen financial setbacks, especially for best-selling items. To combat this issue, Trackost provides a real-time calculation of per-unit costs for every product. With each purchase, the software updates material costs, effectively allocating shipping, taxes, and discounts across the various components to determine an accurate total landed cost. It also handles multi-level recipes or bills of materials, adjusting pricing to reflect wastage, labor, and overhead costs. As production batches are completed, Trackost monitors material usage and records their corresponding expenses. Each order includes detailed per-line cost of goods sold (COGS) and applicable fees, while returns are efficiently managed. In addition, comprehensive reports are generated, such as profit and loss statements, profit per product and sales channel, inventory valuation, and a Schedule C COGS worksheet, all available for easy export as CSV files. The service features a single, transparent pricing plan that does not impose limits based on order volume, allowing users to manage unlimited materials, products, and team members. Transitioning to Trackost is a simple process; just upload your spreadsheet or Craftybase exports, and the migration will be handled for you at no extra charge, regardless of the plan you select. This intuitive approach allows artisans to devote more time to their craft while minimizing the complexities of inventory management, resulting in a more efficient and stress-free experience overall.
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