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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🔥 eCommerce accounting can be quite challenging. If you're ready to outsource it to an expert, let us know. eCommerce accounting services are our specialty!
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   • The Difference between Cost of Sales ...  

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