HumanBookkeeping.com™ can help. We are expert bookkeepers that can help your small business with its bookkeeping needs. Here’s a short explanation of what Gross Margin means. If we can be of more help explaining what Gross Margin is or if we can help you with any of your small business bookkeeping needs, give us a call at 888-552-6657(888-55Books).
HumanBookkeeping.com™ provides a way for small businesses to have outsourced bookkeeping at a significant savings. We provide our clients with pre-printed envelopes. You stuff the envelopes and our expert team does the rest with detailed reports and timely compliance support. Not to mention, you now have a team of experts at your disposal should you have questions or last-minute needs. Let’s start with answering what Gross Margin means:
In accounting and finance, the gross margin is calculated as revenue less cost of goods sold.
The gross margin provides a bookkeeper with a method to track the direct profit associated with the actual exchange of goods and services for income.
The cost of goods sold includes only the direct labor and the material costs of the goods sold. It does not include indirect costs, overhead cost, and sales-related expenses.
The review and analysis of gross margin is crucial.
If the accounts are not properly managed, a company can keep all prices and costs set, increase sales, but have a decrease in income due to a change in the percentage of sales of products with varying levels of gross margin.
Need more information or help? Don’t hesitate to give us a call right now at 888-55Books. All initial consultations are free. Call a Helpful Human today!”