Quote:
Originally Posted by red-beard
I've already applied
You need your Revenues and COGS. .
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We're trying to figure out how that works with a business that is mostly or all service based like ours. No real inventory of good sold, but there is obviously expenses, and the income is service driven.
I personally think that the revenue/COGS numbers are just an easy, first order approximation of "my company makes $XYZ per month, spends $ABC per month, so I would need $KJL to keep everything moving per month". Therefore, our COGS would include payroll, rent, insurance, etc, all of the expenses but not include any actual good sold.