In todayās dynamic business landscape, understanding the intricate relationship between profit, cash flow, and overall business value is paramount. While many business owners can decipher profit and loss statements, the gap between profit and cash flow often remains a mystery. This article serves as a guide for business owners seeking to harness the power of […]
READ MOREHow to measure KPIs in your business
What are Key Performance Indicators (KPIs)? Key Performance Indicators (KPIs) are quantifiable metrics used to evaluate the success of an organisation in achieving its objectives. These metrics are tailored to specific goals and objectives and help businesses gauge their progress towards reaching these targets. KPIs provide valuable insights into various aspects of business performance, such […]
READ MORECost of Goods Sold (COGS) or Cost of Sales – for your industry
Understanding the Significance of Cost of Sales or Cost of Goods Sold (COGS). Cost of Sales (also referred to as Cost of Goods Sold [COGS]) is a very important financial performance metric, as it tracks your ability to manufacture/deliver goods and services at a reasonable cost. It represents the direct costs related to the manufacturing […]
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