Cost of goods sold (cogs)

How to Calculate WooCommerce COGS to Analyze Sales, Inventory & Gross Margins

As a WooCommerce store owner, there are a number of metrics you’ll need to track to ensure your business is successful. Learning to calculate Cost of Goods Sold...

How to Calculate Cost of Goods Sold (COGS) for your Shopify Store

Like any business owner, Shopify store owners need to keep track of their revenue. One of the essential metrics used to determine a business's revenue is the co...

How to Calculate COGS for Your Amazon Business

In order to be successful as an Amazon seller, you need to know your cost of goods sold (COGS). This calculation is essential for understanding your business pr...

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 supplie...

3 Insights on How to Reduce Your COGS

Knowing how to reduce your cost of goods sold (COGS) is essential to staying competitive in the market as it can result in higher gross revenue and bigger profi...

Most important KPIs for COGS?

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

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...

What are non-COGS?

What expenses are not included in COGS?

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 ...

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 po...

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

This morning I received my income statement, and when I checked for the COGS, I noticed that the figure was higher than last month. My stock wasn't moving the m...

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 c...

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 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?

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...

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...

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?

How do I calculate COGS in Excel?

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

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?

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?

What is the formula of cost of goods sold?

Hi, I want to calculate COGS but I don't know how. Can someone please explain the formula to me, and give me an example?

Is the cost of goods sold the same as expenses?

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

Does COGS form part of operating expenses?

How do I add cost of goods sold in WooCommerce?

How is COGS calculated?

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

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?

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?

Does Shopify show the cost of goods sold?

HHi all, I started using Shopify for my e-business. How and where do I see the COGS?

What expenses are included in COGS?

How do I know which expenses are and are not included in the COGS calculation?

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, ...