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Salt Lake City Bookkeeping Blog

How to Manage Your Cost of Goods Sold (COGS): Tips for Small Businesses

Posted by Joe Mazur on Jan 25, 2017 9:00:00 AM

Whether your business sells products or services, it’s important to know “what is the cost of goods sold?” for each item or service you sell. This number provides the basic information you need to build traffic and to grow your company.

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Topics: Small Business, small businesses, cost of goods sold

The Real Difference Between Expenses and Cost of Goods Sold

Posted by Austin Walker on Apr 14, 2016 8:30:00 AM

As one of the more common bookkeeping questions we hear, the difference between Operating Expenses (OE) and Cost of Goods Sold (COGS) is a fairly straightforward one, but it plays a significant role when it comes to allocating and analyzing the resources you spend to make your business profitable

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Topics: Bookkeeping, expenses, cost of goods sold