Hi guys, Welcome to the Advanced Video Search Engine, and you are watching Good Question 1.0 COGS vs. Operating Expenses. That video is uploaded by Smallish Business at 2020-08-13T09:04:25-07:00. We are promoting this video only for entertainment and educational purpose only. So, I hope you like & enjoy it. [Vg9wjrI49Iw]
| Name | Good Question 1.0 COGS vs. Operating Expenses |
| Video Uploader | Video From Smallish Business |
| Upload Date | This Video Uploaded At 13-08-2020 16:04:25 |
| Video Discription | This is the start of a series of videos highlighting the questions I get asked as a coach. Some of these questions come up during coaching sessions or simple conversation with someone about business. When I encounter a "good question," I'll make a note of it and produce a video with my best answer. This question came from my daughter who runs https://simplekitchencooking.ie/ and she was asking me about how to account for her food costs in producing her internet content for a cooking blog. She had been putting them in an account under "operating expenses" but that's not where they belong. They should be accounted under "cost of goods sold." If you think about the product she's making, online content, and in her case specifically food recipes; then you can easily determine that the costs going into making that content would include the purchases of food. Vg9wjrI49Iw |
| Category | Education |
| Tags | small business | smallish business | accounting | quickbooks | cost of goods sold | operating expenses | entrepreneur | self employed | unemployed |
