Understanding how to calculate the Cost of Goods Sold (COGS) is essential for any business owner. COGS represents the direct ...

What goes into generating a single dollar of revenue, in your business? Can you accurately define your true operating costs? So many times I’ve heard owners say: “I take my material cost and multiply ...

Knowing your monthly operating expenses is crucial to managing your cash flow and budget. Operating expenses are costs that happen regularly, such as rent, utilities and payroll. They could also ...

Figuring the cost of goods sold is simple if you sell dozens of interchangeable items. One non-stick frying pan is much like another, for instance, so you don't need to tie specific costs to a ...

Cost of goods sold (COGS) is the determination of how much it costs retailers, wholesalers and manufacturers to produce the goods they sell. For makers and resellers of products, COGS, sometimes also ...