Ecommerce COGS vs. Expenses Explained: Key Differences

Veröffentlicht am: 29 November 2023
auf dem Kanal: LedgerGurus: Ecommerce Accounting Experts

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In this video, Stephen from LedgerGurus breaks down the essential differences between e-commerce COGS vs expenses, focusing on the crucial distinctions between Cost of Goods Sold (COGS) and overhead costs on your ecommerce Profit and Loss Statement.

Discover how COGS relates to the production and warehousing of your products, and why it's distinct from other expenses like packaging, shipping, advertising, and merchant service fees.

Stephen also delves into overhead expenses, which encompass vital aspects like payroll, rent, software, and any non-sales-related costs.

Learn how these expenses fit into your income statement and how understanding their order can help you optimize your e-commerce business for greater profitability.

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