The Difference between Cost of Sales & Cost of Goods Sold (COGS) in eCommerce

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Описание к видео The Difference between Cost of Sales & Cost of Goods Sold (COGS) in eCommerce

Understanding the difference between cost of goods sold (COGS) and cost of sales on your profit and loss (income) statement can be tricky. Explore the intricacies of e-commerce cost of sales with Stephen from LedgerGurus.

Cost of sales includes not only your COGS, but also other expenditures such as:

👉 Packaging
👉 Shipping
👉 Marketing
👉 Payment processor fees

Calculating Cost of Sales accurately enables you to optimize pricing strategies and enhance profitability.

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