What Does The Term Cost Of Goods Sold (COGS) Mean? Cost of Goods Sold (COGS), often referred to as cost of sales or cost of revenue, is an accounting term that represents the direct costs incurred by ...

Discover how the periodic inventory system simplifies stock management through physical counts, and explore its cost-effective benefits for small businesses today.

Discover what inventory means, its essential types like raw materials and finished goods, and strategies for effective inventory management to enhance your business’s efficiency.