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

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 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.

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.

Is customs duty added to the cost of goods sold?

Does customs duty form part of COGS in Shopify? Or is that a separate expense?

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

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.

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.

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

How do I calculate COGS in Excel?

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

Does COGS form part of operating expenses?

What expenses should be included in COGS?

Good afternoon guys. I don't really understand the differences between some expenses and the cost of goods sold. Help?

Is the cost of goods sold the same as expenses?

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

How are COGS and inventory-related?

Hi, I'm new here. I learned in a video that the inventory valuation includes your COGS, but I don't understand how this is related?