57 tagged with "Cost of Goods Sold"
Learn how to calculate and track cost of goods sold for inventory valuation
Granite, Quartz, and Natural Stone Fabricator Bookkeeping: Slab Inventory, CNC Burden, and Builder-vs-Retail Margins
A practical bookkeeping guide for granite and quartz countertop shops — slab-level inventory by bundle number, machine-hour burden rates for bridge saws and CNCs, ASC 606 over-time revenue recognition, channel-separated builder versus retail P&L, and warranty reserves that hold up under audit.
Independent Boba and Bubble Tea Shop Bookkeeping: Drink-Level COGS, Loyalty Breakage, and the KPIs That Actually Predict Survival
A working accounting backbone for an independent boba shop — recipe-card COGS down to the tapioca pearl, ASC 606 deferred revenue for loyalty and gift cards, Section 179 treatment for pearl cookers and heat sealers, the Section 45B FICA tip credit on Form 8846, FDA calorie disclosure thresholds, and the FDD Item 19 KPIs (ADS, prime cost, drinks per labor hour) that separate operators who scale from operators who close.
Independent Cinema and Drive-In Bookkeeping: Film Rental, Concession Margins, and ASC 606 Deferred Revenue
Independent theaters keep 10-50% of box office after the distributor split but 85-92% of every concession dollar. This guide covers film rental settlements, ASC 606 deferred revenue for gift cards and movie passes, concession COGS by category, breakage and state escheatment, and Section 179 expensing for digital projectors and recliner seating.
Independent Pizzeria Bookkeeping: Prime Cost, ASC 606 Delivery Revenue, FICA Tip Credit, and Section 179
Independent pizzerias survive only when prime cost — food plus labor — stays at or below 60% of sales. This guide covers booking DoorDash and Uber Eats revenue gross under ASC 606, claiming the FICA tip credit on Form 8846, capitalizing deck and conveyor ovens under Section 179, and building recipe cards that expose the gap between theoretical and actual food cost.
Medspa and Aesthetic Clinic Bookkeeping: Injectables, Lasers, Packages, and the MSO/PC Structure That Keeps You Compliant
A practitioner's guide to medspa accounting—per-unit injectable COGS, ASC 606 deferred revenue on packages, Section 179 on $80K–$250K lasers, MSO/PC entity separation under CPOM rules, GLP-1 program revenue, and the KPIs buyers compute during diligence.
Garden Center and Plant Nursery Bookkeeping: Live-Plant Inventory, Section 263A, and Seasonal Cash Flow
How retail garden centers and wholesale nurseries should value live-plant inventory, set mortality reserves by category, decide whether to elect out of Section 263A under the two-year preproductive rule, treat greenhouse heat and labor as direct COGS, and forecast cash through a spring-heavy revenue cycle.
Pool Service Company Bookkeeping: Chemical COGS, Truck Depreciation, Licensing, and Seasonal Cash Flow
How residential and commercial pool service operators set up books that reveal true per-stop margin — separating recurring weekly routes from project work, tracking chemicals as variable COGS, allocating truck and Section 179 depreciation to routes, amortizing pesticide applicator licenses, and managing seasonal deferred revenue.
Scratch Bakery Bookkeeping: Recipe Cards, Shrink, Wholesale Margins, and Custom Cake Deposits
A bookkeeping guide for scratch bakeries covering standard recipe cards, ingredient yield, day-old shrink, retail vs. wholesale margin separation, ASC 606 deposit accounting for custom cakes, cottage food law revenue caps, and sales tax on prepared food.
The Independent Used Car Dealer's Bookkeeping Playbook: Floorplan Notes, F&I Chargeback Reserves, Recon WIP, and the Buyers Guide That Costs $51,744 to Get Wrong
How independent used car dealers should book floorplan notes payable, capitalize reconditioning costs under IRC 263A, estimate F&I chargeback reserves under ASC 606, track BHPH notes receivable, and stay compliant with the FTC Buyers Guide rule and IRS Form 8300.
Laundromat Bookkeeping: Coin, Card, and Mobile-Pay Reconciliation, Utility COGS, and Section 179
A bookkeeping framework for coin-op and wash-dry-fold laundromats — channel-separated revenue, utilities tracked as COGS, per-machine profitability, Section 179 timing on equipment refreshes, and cash controls that surface both theft and failing machines.
Auto Repair Shop Bookkeeping: Flat-Rate Hours, Parts Matrix, Comebacks, Warranty AR, and EPA Fees
Independent auto repair shops earn from labor, parts, sublet work, and environmental fees — each with different margins and bookkeeping rules. This guide builds a chart of accounts that separates flat-rate labor from clock hours, applies a tiered parts markup matrix targeting 55–58% gross profit, tracks comeback expense and warranty receivables aging, codes sublet work cleanly, and records EPA hazmat and shop supply fees as their own revenue and cost lines.
Jewelry Store Bookkeeping: SKU-Level Costing, Memo Goods, Layaway, and Form 8300
A working playbook for independent jewelers covering per-piece SKU costing, lower-of-cost-or-market write-downs on metal price drops, memo and consignment inventory, ASC 606 repair and custom revenue, layaway deposit liabilities, and Form 8300 cash reporting without triggering structuring allegations.