Cogs Accounting is a method of accounting for the cost of goods sold (COGS) that a business has consumed in order to generate revenue. It is a way to track the costs associated with manufacturing, distributing, and selling your products or services. This data can be used to figure out your gross margin, which is an important metric for evaluating profitability and making better decisions about pricing and operations. With accurate COGS accounting, businesses can monitor their expenses and make more informed decisions about how to best use their resources for maximum efficiency and profits.