Close your books faster with automated costing
Margins tracking is one of the biggest headaches in complex ecommerce operations, but Luminous makes it easy. Automatically track your cost of goods sold (COGS) and calculate landed costs so you always know your margins in real time. Then, automatically push this data to your accounting system for an easier and faster way to close your books.
Automate time-consuming cost calculations
Keep track of the value you received and sold at
Push COGS data into your accounting system automatically
Take Luminous for a test drive.
Some questions, some answers
Here are our most frequently asked questions
Costing Methods
Handling Freight Bills and Inventory Values
Inventory Management
Does Luminous support weighted average cost?
Yes, Luminous supports weighted average costing. We automatically calculate this from your purchase orders and other variable costs that you add to those purchase orders.
What if I split POs into tons of different shipments, can Luminous still keep track of landed cost if I do this?
Luminous supports flows for E-commerce operators that split a Purchase order into multiple shipments. Our cost layers allow for this as well so you can keep landed cost accurate.
Does Luminous support LIFO or FIFO costing?
LIFO and FIFO are both supported within Luminous.
What if I don’t get a freight bill until after I’ve received and sold the goods?
This is OK. We built Luminous to let you keep operating even if you go through inventory faster than you get the freight bill for the inventory you sold.
How does Luminous push inventory values to Quickbooks or other accounting systems?
Luminous pushes inventory values to your accounting system via journal entries at the end of the month. Most accountants prefer to manually export these journal entries at the end of the month and import them into QBO.
Does Luminous keep track of COGS by lot?
Yes.
So does keep track of my landed cost?
Luminous keeps track of landed cost no matter how many variable expenses you have attached to a purchase order.