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

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

I recently calculated the COGS for my e-commerce business. I had the idea that maybe I could claim this amount on my tax return. Does anybody know if this is possible? Has this ever been done bef

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 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 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.

Where do you find the COGS on Shopify?

Does Shopify calculate the COGS for you? If so, where do I go to see it?

How do I add cost of goods sold in WooCommerce?

Cash flow vs cost of goods sold

What's more important for business growth, having a higher cash flow or a lower cost of goods sold? I sell custom furniture (both indoor and outdoor) online for reference. 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.

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.

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.

How do I calculate COGS in Excel?

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

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?

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