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:

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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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⬇️ MORE STUFF YOU SHOULD CHECK OUT ⬇️

** FINANCIAL STATEMENTS EXPLAINED PLAYLIST: **
We have a whole playlist dedicated to helping you understand your financials statements - what they contain and how to use them to get valuable insights into your business.
https://www.youtube.com/playlist?list=PL8z_d3aPaZE8jeU6_hfAvOpIek2ESLRo1

** An Intro to Financial Statements | For eCommerce Businesses **
https://www.youtube.com/playlist?list=PL8z_d3aPaZE8jeU6_hfAvOpIek2ESLRo1

** How to Read and Analyze Your eCommerce Income Statement **
https://youtu.be/Eqpw9KzIxt8?si=16cpdkCIAwIzW8js

** Quick Guide to Gross v Net Revenue | for eCommerce Sellers **
https://youtu.be/AMyb2WREIBc?si=yrnscigTn4CErTt4

** COGS Explained for eCommerce Sellers **
https://youtu.be/DXV4q9vqRMg?si=5suWRuxXdA9Px1bB

** How to Read and Analyze Your eCommerce Balance Sheet **
https://youtu.be/100I1pc7k8A?si=C0BNKXWTUR9bOZ87

** How to Understand Your eCommerce Cash Flow Statement **
https://youtu.be/tEPTVyZ-h1s?si=_WznjhgTXVCO6P0b

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We are always looking for awesome CPAs, accountants, and bookkeepers to join our team. If you're interested in working for LedgerGurus, check out our careers page: https://ledgergurus.breezy.hr/

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