Cost of Sales & Service
FEATURED ARTICLES
All articles in this category pertain to cost of sales and services. The cost of sales and services is the total of all the costs used to create and sell a service or product. It is key to understanding how well a business is performing. It measures the company’s ability to source and manufacture its goods.
Learn more about cost of sales and services below.
Recent articles
Manufacturers: Are Your Prices Too High, Too Low or Just Right?
By John Scollin, CPA – Shareholder, Business Advisory Group Manufacturers tend to base product prices on direct production costs. Then they occasionally adjust prices for inflation or when the costs of raw materials or labor rates spike. Here’s why this simplified...
Why Should I Segregate Pre-Opening Costs?
There are a variety of costs related to opening a new location. Some expenses, such as new kitchen equipment, will be capitalized and depreciated over time. Other expenses, such as store opening team labor costs, will be expensed as incurred. The costs immediately...
Interest and Wages During Construction – Capitalize!
There are a variety of costs related to constructing a new location. Some expenses will hit the profit and loss (P&L) as incurred and others will be capitalized and depreciated over time. If your company is planning to open a new location, it is important to note...