Tim Peeler: Created page with "We often talk about Cost of Goods Sold in a retail setting only, however Cost of Goods Sold - for our purposes - can include things like labor or surveying. The reason we inc..."

2019-01-18T19:22:14Z

Created page with "We often talk about Cost of Goods Sold in a retail setting only, however Cost of Goods Sold - for our purposes - can include things like labor or surveying. The reason we inc..."

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We often talk about Cost of Goods Sold in a retail setting only, however Cost of Goods Sold - for our purposes - can include things like labor or surveying. The reason we include things like this in Cost of Goods sold is that these are expenses that you incur through a direct sale or contract. For example if you are a landscaping company, you may charge for for specialized installation labor; surveying; and permits. This are the result of the contract you have with your client and are directly generated from the contract or [[Tracking - Sales|'''Sale''']]. These costs are usually passed on to the customer and therefore should be listed as a ''Cost of Goods''. Any ordinary expenses, like health care, utilities and payroll should be categorized as [[Tracking - Total Expenses|'''Total Expenses''']]. Be careful though, some things like construction equipment may or may not be a Cost of Goods. If you normally rent your equipment only when you have a contract, that should be a ''Cost of Goods''; however if you lease your equipment on a yearly basis that should be treated as [[Tracking - Total Expenses|'''Total Expenses''']].

Tracking - Cost of Goods - Revision history

Tim Peeler: Created page with "We often talk about Cost of Goods Sold in a retail setting only, however Cost of Goods Sold - for our purposes - can include things like labor or surveying. The reason we inc..."