STOP GUESSING YOUR PROFIT MARGINS – KNOW THEM INSTANTLY
Real-time cost of goods sold tracking that shows you exactly which products, customers, and orders are profitable – not weeks after month-end, but right now.
- See gross profit per SKU, order, and customer in real-time
- Track all costs in one system: materials, labor, and overhead
- Generate audit-ready financial reports with AI-powered queries
The Challenge
You’re flying blind on profitability
Most cannabis operators don’t know their true profit margins until weeks after month-end close – if they know them at all. Costs live in spreadsheets, ERP systems, and people’s heads. By the time you piece it together, decisions have already been made.
- Month-end close takes weeks and the numbers are already stale
- No visibility into which products or SKUs are actually profitable
- Supply costs are tracked in spreadsheets that are never current
- Pricing decisions feel like guesswork without real COGS data
- Auditors ask for cost documentation you can’t easily produce
The Solution
How COGS & Business Analytics solves it
GrowerIQ calculates your cost of goods sold in real-time as products move through your operation. Every SKU has a cost. Every order shows its margin. Every dashboard reflects current reality.
Track Costs Automatically
Material costs, supply costs, and labor costs are captured as activities happen – no manual entry or month-end reconciliation.
See Margins Instantly
Gross profit is calculated per order item, per customer, and per time period. Know profitability now, not next month.
Query in Plain English
Ask questions like ‘What was our gross margin by product last quarter?’ and get answers in seconds with AI-powered reports.
Process
How it works
Set up SKU costs
Enter cost per package for each SKU in your catalog. This becomes your baseline COGS.
Track supply and labor
Record supply purchases with transaction allocations. Labor costs flow in from task timers.
View real-time margins
Every order automatically calculates gross profit. See margins in CRM Analytics dashboards.
Generate custom reports
Use pre-built views or ask questions in plain English with AI Report Builder. Export for audits.
Features
Core capabilities
Real-time gross profit calculation per order item (price minus cost)
SKU-level cost tracking with cost per package on every product
Supply cost breakdown by category with monthly trend charts
Inventory cost analysis grouped by variety, product type, or warehouse
Cannabis-specific tax visibility: excise tax + provincial tax per order
Labor cost integration through task timer hourly cost tracking
AI-powered natural language queries for custom financial reports
Pre-built analytics views: CTLS Sales, B300 Compliance, Monthly Shipments
Export all reports to CSV/Excel for audit documentation
Multi-dimensional grouping: by customer, product, time period, region
Roles
Who benefits from COGS & Business Analytics
Finance & Accounting
Close the books faster with real-time COGS. Eliminate manual cost calculations and spreadsheet reconciliation. Produce audit-ready reports in seconds.
Operations & Procurement
Identify cost reduction opportunities with supply spend visibility. Track which input costs are rising and where to optimize.
Sales & Pricing
Set profitable prices with confidence. See margin by customer, product, and order. Know which deals make money and which don’t.
Regulatory
Compliance and reporting impact
Cannabis operators face unique financial reporting requirements. GrowerIQ tracks the costs and taxes regulators care about – excise taxes, provincial taxes, and complete cost documentation for every transaction.
- B300 compliance reporting with full financial data included
- Excise and provincial tax tracking per order for regulatory reporting
- Complete transaction audit trail from purchase to sale
- Auditor-ready exports with facility details and time stamps
Global Standards
Deliver Higher Value Through EU GMP, GACP & GPP Compliance
The only cannabis software designed and controlled to help you maintain global manufacturing standards like EU GMP, GACP & GPP to access every market on the planet. Your COGS data integrates directly with compliance documentation.
Connect All Teams
Access control management with role-based permissions. Restrict employee access to specific areas while maintaining data security and operational integrity.
Digital Signatures
Implementation of digital signature functionality with associated traceability records to maintain highest compliance standards efficiently.
Detailed Traceability
Activity logs show every action taken throughout your facility – which team member performed it, associated details, and timestamps.
Master Batch Record
Single-click generation aggregating all activities, sampling steps, and lab results into a downloadable Master Batch Record PDF with full cost data.
Access Global Markets with Certified Compliance
GrowerIQ’s COGS tracking integrates with your EU-GMP, GACP, and GPP documentation. Every cost is traceable, every batch is documented, every audit is ready.
Learn About Compliance FeaturesEcosystem
Part of the GrowerIQ ecosystem
COGS & Business Analytics connects to every module where costs are generated or revenue is earned.
Seed-to-Sale Tracking
Costs follow products through cultivation, processing, and packaging – complete traceability from input to sold unit.
Learn more →CRM & Sales
See margin per customer and order. Identify your most and least profitable accounts.
Learn more →Inventory Management
Inventory valuations based on actual costs. Know the true value of what’s on your shelves.
Learn more →Results
Business impact
Faster Month-End Close
COGS calculated in real-time means less reconciliation work and faster financial statements.
Better Pricing Decisions
Know your true costs before setting prices. Stop leaving money on the table or pricing below margin.
Reduced Supply Costs
Visibility into spend by category reveals optimization opportunities. See which costs are rising and act.
FAQ
Frequently asked questions
How is COGS calculated in GrowerIQ?
COGS is calculated per order item as quantity multiplied by cost per package from the SKU. This gives you real-time gross profit (order_item_price minus order_item_cost) on every sale.
Can I see profitability by customer or product?
Yes. The CRM Analytics dashboard lets you group margins by customer, product, cannabis class, sales class, province, or time period. You can also use AI Report Builder to ask questions in plain English.
How does labor cost tracking work?
GrowerIQ’s task management includes timer sessions with an hourly_cost field. Labor costs are captured as employees log time against tasks and activities.
What about supply and material costs?
Supplies are tracked through consumable lots with transaction allocations. The system calculates unit cost based on purchase price and quantity. Monthly charts show spend by category.
Can I export reports for auditors?
Yes. All analytics dashboards and AI-generated reports can be exported to CSV/Excel. Reports include facility details and timestamps for audit documentation.
Customer Reviews
Trusted by cannabis operators worldwide
Platform
Explore GrowerIQ Modules
COGS & Business Analytics integrates seamlessly with the full GrowerIQ platform. Financial data connects directly to cultivation, inventory, and compliance modules.
Cultivation
Software that conforms to your operations
Manufacturing
Produce the best quality products
QMS
Connect your QA team to the rest of your operations
CRM
Track Accounts, Orders, and Shipments in one place
GACP/EU GMP
Capture new markets through high-quality standards
Reporting & Data
Multi-facility and team reporting in one place
See COGS & Business Analytics in action
Ready to know your true profit margins – not next month, but right now? Let us show you how GrowerIQ tracks costs and calculates profitability in real-time.
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About GrowerIQ
GrowerIQ is changing the way producers use software - transforming a regulatory requirement into a robust platform to learn, analyze, and improve performance.
To find out more about GrowerIQ and how we can help, fill out the form to the right, start a chat, or contact us.