📊 FINTAX KNOW YOUR NUMBERS — COST OF GOODS SOLD (COGS)

 📊 FINTAX KNOW YOUR NUMBERS — COST OF GOODS SOLD (COGS)

You sold it — but what did it cost you?

Sales may be growing, but the cost behind those sales matters too.

For example:
Sales ↑ 20%
COGS ↑ 33%

That tells you your cost is increasing faster than your sales. 🚨

Don't just notice the number. Find the reason.

🔍 Check your purchase costs, product mix, direct costs/wastage and whether your selling prices have kept up with rising costs.

DON'T JUST TRACK SALES. TRACK THE COST BEHIND YOUR SALES.

Understand the numbers. Make better purchasing and pricing decisions. 💼📈