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

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

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.

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?

How is COGS calculated?

Can someone please give me the formula for calculating the cost of goods sold along with an example? Thanks!

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.

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

Most important KPIs for COGS?

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

Dropshipping on Amazon vs Shopify

What's the cheaper option? I'm more interested in the platform fees/costs rather than customer reach as my start up capital is quite limited at this stage. Can anyone give me a quick breakdown of

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?

Does COGS form part of operating expenses?