Does reducing my e-commerce business inventory affect my COGS?

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

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.

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 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

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 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 do I add cost of goods sold in WooCommerce?

What percentage of revenue should your COGS be?

I'm trying to figure out if my COGS should be lower because it seems high. At the moment, it's sitting at 20% of my revenue. This seems a bit much, but I really don't know if this is normal or no

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 !

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.

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 Shipping Costs for Your Shopify Store

There are five ways to determine Shopify shipping costs: flat rate, calculated, free shipping, weight-based, and parcel-based shipping.

What are non-COGS?

What expenses are not included in COGS?

Does COGS form part of operating expenses?

What expenses are included in the costs of goods sold?

How do I know which expenses count as COGS in the e-commerce business and which are separate?

What should be included in COGS?

I am trying to work out my cost of goods sold and am unsure how exactly. What costs and expenses should I be including. Should I be including overheads, sales, and marketing costs in this or can

Dropshipping on Amazon vs Shopify

What's the cheaper option? I'm more interested in the platform fees/costs rather than customer reach as my start up capital is quite limited at this stage. Can anyone give me a quick breakdown of