Tag Archives: accounting for service providers

How to Build Cost of Goods Sold (COGS) in QuickBooks Online for Service-Based Businesses

Calculator and notebook displaying "COST OF GOODS SOLD," with U.S. dollar bills in the background, illustrating financial analysis for business profitability.

Dave thought everything was going fine. He ran a commercial property maintenance company. Solid team. Regular clients. Decent revenue. But one Friday afternoon, reviewing his Profit & Loss report, something didn’t sit right. His gross profit margin seemed off—way off. It said he was making a 48% margin. Except his bank account said otherwise. So, […]