Learn more about the cost of good sold: https://intuit.me/2Vk4isU

It is essential to calculate the cost of goods sold (COGS) when you are a productbased small business. In this video, Astrid Daniela Galvez (QuickBooks ProAdvisor and Tax Specialist) shows you how to calculate and utilize COGS to maximize your business profit.

00:00 Introduction
01:17 What is cost of goods sold (COGS)?
01:51 Why is the cost of goods sold important?
02:51 How to calculate the cost of goods sold
03:26 How to use the cost of goods sold
04:45 Using QuickBooks to calculate COGS

Check out more from the Run Your Business series: https://intuit.me/3yJVudx

QuickBooks Live Bookkeeping: https://intuit.me/3tc0aYc
QuickBooks Accounting: https://intuit.me/3yJrBd5

Subscribe to our YouTube channel: https://intuit.me/3bOj0M2
Visit QuickBooks.com: https://intuit.me/QBO

The world’s largest workforce works for themselves. We work for them by providing smarter business tools. QuickBooks #BackingYou.

#QuickBooks #RunYourBusiness

This content is for information purposes only and should not be considered legal, accounting or tax advice, or a substitute for obtaining such advice specific to your business. Additional information and exceptions may apply. Applicable laws may vary by state or locality. No assurance is given that the information is comprehensive in its coverage or that it is suitable in dealing with a customer’s particular situation. Intuit Inc. does not have any responsibility for updating or revising any information presented herein. Accordingly, the information provided should not be relied upon as a substitute for independent research. Intuit Inc. does not warrant that the material contained herein will continue to be accurate, nor that it is completely free of errors when published. Readers and viewers should verify statements before relying on them.