Exclusions From COGS Deduction - Deepstash

Exclusions From COGS Deduction

Since service companies do not have an inventory to sell and COGS accounts for the cost of inventory, they can’t use COGS because they don’t sell a product — they would instead calculate the cost of services. Examples of service companies are accounting firms, law offices, consultants, and real estate appraisers.

13

37 reads

CURATED FROM

IDEAS CURATED BY

jenna_wow

"Yeah, I'm a thrill seeker, but crikey, education's the most important thing. " ~ Steve Irwin

The idea is part of this collection:

Lessons From Self Made Billionaires

Learn more about moneyandinvestments with this collection

The value of hard work and persistence

How to stay focused on long-term goals

How to learn from failures and setbacks

Related collections

Similar ideas to Exclusions From COGS Deduction

Gather customer reactions

When it’s time to showcase your prototype to customers, you’ll want them to react naturally and honestly to what they believe is a finished product or service. Such reactions are solid gold, but feedback is not. 

If the illusion of a real product is broken, customers switc...

Read & Learn

20x Faster

without
deepstash

with
deepstash

with

deepstash

Personalized microlearning

100+ Learning Journeys

Access to 200,000+ ideas

Access to the mobile app

Unlimited idea saving

Unlimited history

Unlimited listening to ideas

Downloading & offline access

Supercharge your mind with one idea per day

Enter your email and spend 1 minute every day to learn something new.

Email

I agree to receive email updates