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Flexible Expense and Revenue tracking from variable costs to recurring bills,with contra entries and conditional allocations.

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How do you calculate the cost of goods sold on a profit and loss account?

Asked 3 years ago

I've tracked my operation expenses separately to my P&L sheet, but I want to integrate them for easier management. Who here knows how to calculate it so that it works together?

Calculation example Cogs calculation Profit and loss (p&l)Cost of goods sold (cogs)

+1

Lane Cooper

Monday, March 21, 2022

COGs refer to all the expenses associated with manufacturing goods to be sold.  Here is a simple formula to calculate your COGs:
COGS = Starting Inventory + Purchases in the defined period - Ending Inventory
You can use this formula in excel or a spreadsheet to calculate your COGS for every day separately.

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