![]() ![]() If you don’t have a tax advisor, find one that fits your needs through Taxfyle. If you need income tax advice, please contact your tax advisor. NOTE: FreshBooks Support team members are not certified income tax or accounting professionals and cannot provide advice in these areas outside of supporting questions about FreshBooks. To calculate COGS, you must take into consideration all expenses directly involved in the manufacture and production of your goods, as well as some overhead expenses.Ĭost of Goods Sold vs.You need the precise COGS to write off expenses.By accurately calculating your COGS, you can precisely measure the value of your business.Operating expenses (OPEX) are the day-to-day costs of running your business not included in your COGS. ![]() ![]()
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