Operating expenses (OPEX) are the day-to-day costs of running your business not included in your COGS.COGS refers to the direct costs of goods manufactured or purchased by a business and sold to consumers or other businesses.The cost of goods sold is considered an expense in accounting. Sales revenue minus cost of goods sold is a business’s gross profit. Send invoices, track time, manage payments, and more…from anywhere.Ĭost of Goods Sold (COGS) is the direct cost of a product to a distributor, manufacturer, or retailer. Pay your employees and keep accurate books with Payroll software integrationsįreshBooks integrates with over 100 partners to help you simplify your workflows

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Time-saving all-in-one bookkeeping that your business can count on Tax time and business health reports keep you informed and tax-time readyĪutomatically track your mileage and never miss a mileage deduction again Reports and tools to track money in and out, so you know where you standĮasily log expenses and receipts to ensure your books are always tax-time ready Quick and easy online, recurring, and invoice-free payment optionsĪutomated, to accurately track time and easily log billable hours Wow clients with professional invoices that take seconds to create

Cogs in accounting