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How to understand and calculate COGS in Amazon FBA store

The term COGS is an abbreviation of Cost Of Goods Sold. In general, it refers to the direct cost associated with creating or manufacturing a product. For example, raw materials and labor can be included as part of your COGS calculation for inventory purposes. You might also include factory overhead expenses such as equipment depreciation … Read more

How to Create and Grade SKU in eCommerce stores

What is SKU? SKU is an acronym for Stock Keeping Unit, which is a unique identifier for a product.  The first thing you need to understand is that no SKU comes with each product sold. Instead, there are retailers, warehouses, distributors and other middle men involved in the process of getting items from manufacturers to … Read more

How to Understand and Manage the Cash Flow Cycle for eCommerce business

eCommerce Cash Flow Cycle facts & figures If you are like most eCommerce entrepreneurs, you probably already figured out that one of the greatest challenges is to ensure fast (and cost-efficient) shipping. This article delves deeper into the issue, by sharing facts & figures about how long it takes for funds to reach your bank … Read more

eCommerce Tax With Boyuan Zhao Of PLTHORA Agency

Speaking eCommerce Tax With Boyuan Zhao Of PLTHORA Agency Introduction: Hey, bro! Thanks again so much for that great intro. Hey everyone out there, my name is Alan Chen, I’m a certified public accountant and we’re located in Los Angeles, California here in the US.    And just like Boyuan said, we basically offer what … Read more

Sales Tax Ecommerce and Tax Planning with Alan Chen of Freecashflow.io – Amazing FBA – How to sell on Amazon UK

This is the full transcription of the Amazon FBA Podcast episode “Sales Tax Ecommerce and Tax Planning with Alan Chen of Freecashflow.io – Amazing FBA – How to sell on Amazon UK”. Michael 0:04 Welcome to the tank, a collective podcast for six, seven and eight-figure, Amazon and e-commerce sellers, part of the amazing FBA podcast … Read more

Amazon Working Capital and Cash Flow Forecasting with Alan Chen from freecashflow.io​

This is the full transcription of the Amazon FBA Podcast episode “Amazon Working Capital and Cash Flow Forecasting” with our CEO, Alan Chen.   Michael 0:04 Welcome to the tank, a collective podcast for six, seven, and eight-figure Amazon and e-commerce sellers, part of the amazing FBA podcast family. If you want to scale fast, target … Read more

How do I Calculate the Cost of Goods Sold(COGS)?

How to calculate Cost of Goods Sold(COGS)

Calculate the Cost of Goods Sold(COGS) can be a tricky process. This article will help you understand how to calculate COGS as well as some factors that impact your calculation. One of the first things you’ll want to figure out is how much cogs are costing your company. In this blog post we will cover: … Read more