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

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 does Shopify calculate the cost of goods sold?

Does Shopify automatically calculate the COGS for you, or do you have to input the numbers manually for it to do the calculation?

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.

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

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?

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 do I add cost of goods sold in WooCommerce?

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.

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.

What is the relationship between EOQ and inventory management?

Why is economic order quantity so beneficial in managing inventory? Are there any examples of companies that use EOQ for their inventory management?

Most important KPIs for COGS?

What are the most important KPIs to keep track of relating to cost of goods sold?

Tips when negotiating new supply contract.

My current supplier contract is coming to an end in 6 months and soon I'll need to start negotiating for a new one. Overall I've been very happy with my supplier and they are easy to work with bu

Does COGS form part of operating expenses?