Whether you’re running a single franchise or a multi-unit operation, your franchise needs to generate enough gross profits to keep your business going. The cost of goods sold to revenue ratio is an important indicator of how much money you’re spending to generate that much-needed revenue—and profit. This infographic explains why COGS should matter to you.
Don’t want to worry about how cost of goods sold works? Let BKE do it for you. Join the thousands of franchise owners who use BookKeeping Express to keep their books in order AND their financial health in good shape.
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For small businesses who run on tight margins, checking cash flows regularly (monthly) is critical. You need to know if your everyday operations are generating enough money for you to basically stay in business. If you’re running low on cash, you might want to check it more frequently.
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