Posts Tagged ‘Accounting’

COGS or Cost of Goods Sold

If your business manufactures products or purchases them for resale, you generally must value inventory at the beginning and end of each tax year to determine your cost of goods sold. Some of your expenses may be included in figuring the cost of goods sold. Cost of goods sold is deducted from your gross receipts […]

Watching The Bottom Line

This recession affects everyone, especially small businesses. If you haven’t already done so, now is the time to check your extra expenses and cut back on frivolous spending. Make sure you are getting the best prices on monthly charges such as phone, internet, and long distance. What you don’t want to cut down or slack […]

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