Inventory and Cost of Goods Sold | Explanation | AccountingCoach

Inventory and Cost of Goods Sold | Explanation | AccountingCoach

Calculating Cost of Goods Sold - Step by Step

Calculating Cost of Goods Sold - Step by Step

What are the differences between operating expenses and cost of goods sold (COGS)? | Investopedia

What are the differences between operating expenses and cost of goods sold (COGS)? | Investopedia

Inventory and Cost of Goods Sold (COGS): According to the IRS (etsy discussion)

Inventory and Cost of Goods Sold (COGS): According to the IRS (etsy discussion)

An accounting coach provides pointers for those interested in bookkeeping and accounting. Click the following link to find out the difference between a bookkeeper and an accountant: http://blog.accountingcoach.com/what-does-a-bookkeeper-do/

An accounting coach provides pointers for those interested in bookkeeping and accounting. Click the following link to find out the difference between a bookkeeper and an accountant: http://blog.accountingcoach.com/what-does-a-bookkeeper-do/

Budget Planning  F.A.S.T. reviews past years expenses and creates a realistic budget for your business. Rent, equipment purchases, sales rep expenses, interest, taxes, entertainment, cost of goods sold are just a few of the hundreds of classifications to consider when budgeting. If you are like most small business owners, this time consuming process can be a challenge. Let F.A.S.T. create and adhere to your budget. http://fastllcaz.com/services-offered/

Budget Planning F.A.S.T. reviews past years expenses and creates a realistic budget for your business. Rent, equipment purchases, sales rep expenses, interest, taxes, entertainment, cost of goods sold are just a few of the hundreds of classifications to consider when budgeting. If you are like most small business owners, this time consuming process can be a challenge. Let F.A.S.T. create and adhere to your budget. http://fastllcaz.com/services-offered/

Discover the differences between operating expenses and cost of goods sold, how each are calculated and why they are considered separate line items.

Discover the differences between operating expenses and cost of goods sold, how each are calculated and why they are considered separate line items.

In the example income statement above expenses fall into five major categories. The first three categories represent expenses from the company's normal business: (1) Cost of Goods Sold, (2) Operating Expenses – Selling , and (3)  Operating Expenses – General and Administrative. The remaining two major expense categories refer to both gains and losses from activities that are not in the company's normal line of business: (4) Financial Revenues and Expenses, and (5) Extraordinary Items.

In the example income statement above expenses fall into five major categories. The first three categories represent expenses from the company's normal business: (1) Cost of Goods Sold, (2) Operating Expenses – Selling , and (3) Operating Expenses – General and Administrative. The remaining two major expense categories refer to both gains and losses from activities that are not in the company's normal line of business: (4) Financial Revenues and Expenses, and (5) Extraordinary Items.

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