What expenses should be included in COGS?

Mistakes to Avoid When Calculating Profit for Your Shopify Store in 2022

When calculating profit for you Shopify store, you may encounter a few hiccups. Here is a list of mistakes to avoid when calculating your profits.

How to Calculate COGS for Your Amazon Business

How do you calculate COGS for your Amazon business? In this post, you will discover the formula for calculating COGS and the different ways you can use it.

How do I add cost of goods sold in WooCommerce?

Cash flow vs cost of goods sold

What's more important for business growth, having a higher cash flow or a lower cost of goods sold? I sell custom furniture (both indoor and outdoor) online for reference. Thanks !

3 Insights on How to Reduce Your COGS

Knowing and understanding the cost of goods sold (COGS) is vital to a business's success. Find out ways to reduce your COGS to help improve your bottom line.

How to Calculate Cost of Goods Sold (COGS) for your Shopify Store

Learn how to calculate the cost of goods sold (COGS) for your Shopify store and why this metric is so important to the operation of your business.

How to Calculate WooCommerce COGS to Analyze Sales, Inventory & Gross Margins

Learn how to calculate WooCommerce COGS to gain insight into your costs of doing business and where you have potential avenues to increase profit.

What is Periodic Inventory? Definition, Advantages & Examples

Learn about periodic inventory for valuable insights into managing your business's inventory.

Does Your Shopify Store Need Automated Expense Reports?

Not sure about automated expense reports? Discover how they work and why your Shopify store needs them.

6 Most Common E-Commerce Expenses (+ How to Reduce Them)

Learn how to reduce your e-commerce expenses and improve your bottom line by following these simple tips.

Keeping Track of Your E-Commerce Business Expenses

Learn ways to keep track of your expenses so that you don't lose out on valuable insight into your business. Read more here.

How do I calculate COGS in Excel?

I heard that I could calculate the cost of goods in excel. What is the formula?

Why must directed costs be included when calculating e-commerce COGS?

The first month of my e-commerce business is almost up, so I need to calculate the COGS. I will need to total up my beginning inventory, purchase costs, labor costs, materials costs, supplies cos

Cost of Sales vs. expenses: What's the difference?

How do you differentiate and categorize the different expenses that come with a business?

Can you recommend a program to import sales figures from my Shopify store?

I have a very small budget for my business and I don't have the capacity for an accountant to keep track of all of my income and expenses. My business would benefit from having software that coul

How do I keep track of business income and expenses?

What would you say is the easiest way to keep track of the business income and expenses?

Does COGS form part of operating expenses?

Sales revenue: What is the breakeven point?

Is there a way to calculate it? If so, what's the formula? Also, what would happen if the sales revenue falls?

How do I calculate true COGS on an income statement?

I want to know the actual cost of my business operations to determine an adequate profit margin and adjust my product prices accordingly. When I worked out the COGS of my Shopify store, the final