beprofit logo
ProductExpand more icon
profit calc image
Profit Simulators
Tweak your numbers to lift profits up
action card image

Demo Store

Want to see our
dashboard in action?
ResourcesExpand more icon
CompanyExpand more icon
Pricing
Want to see our dashboard in action?
you can try it here with theDemo Store!

Is the cost of goods sold the same as expenses?

Asked 3 years ago

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

Kole Kline

Tuesday, November 09, 2021

Cost of goods differs from other expenses because it only deals with production costs of a good or service. It is used in determining gross profit and together with other expenses, you’ll get net profit. Other expenses will include expenses in distribution, administration, sales, and operating expenses.





Write an answer...

Cancel

Please follow our  Community Guidelines

Can't find what you're looking for?