InventoryLab Profit & Loss Report Explained: Dates, Sync & COGS

This video shows how to read the InventoryLab Profit & Loss (P&L) report so you understand performance by date range and by category. You open Reports → Profit & Loss; the report aggregates manually entered and Amazon-synced transactions by posted date. Data stays current: sales refresh every 2–3 hours, reimbursements daily, and other financials (refunds, ads, storage, inbound) update after each Amazon settlement. Because settlement reports post about every 2 weeks, the P&L displays a “last fully reconciled” date; late same-day transactions can roll to the next settlement. You choose daily/weekly/monthly/quarterly/custom views and export any view for accounting. Income includes sales, refunds, reimbursements, shipping credits, promos; expenses include Amazon fees, FBA fulfillment, ads, inbound shipping, storage, refund admin, plus adjustments (e.g., retrocharges, postage changes). COGS reflects item costs and related reimbursements/returns/liquidations. Other (reference only) captures sales tax collected, marketplace facilitator taxes, reserves, mileage. Use this framework to reconcile faster, read trends clearly, and protect net profit. https://www.threecolts.com/seller-365...

Chapters:
00:00 — Overview: What the P&L shows
00:18 — Where to find it: Reports → Profit & Loss
00:24 — Sync cadence: sales, reimbursements, fees
00:40 — Settlements & the “reconciled” date
01:10 — Date ranges: daily to custom
01:21 — Exporting for accounting
01:36 — Income categories breakdown
01:49 — Expense categories & adjustments
02:10 — COGS: costs, returns, liquidation
02:25 — “Other” section: taxes, reserves, mileage