Can I claim the COGS on my tax return for my e-commerce business?

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

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

This morning I received my income statement, and when I checked for the COGS, I noticed that the figure was higher than last month. My stock wasn't moving the month before, and my COGS wasn't as

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

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.

Does COGS form part of operating expenses?

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

Is the cost of goods sold the same as expenses?

What does COGS entail and how does it differ from the other 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?

Is COGS a direct or indirect cost?

I'm trying to understand how COGS fits into inventory analysis and expenses and whether it is a direct or indirect cost. Help?