This means the fees will be deducted to arrive at your gross margin. Treating the fees as a cost of sales (also known as the cost of goods sold) would put them at the top section of your income statement. Your P&L and balance sheet can be analysed in more detail to determine key performance indicators (KPIs) as outlined below.There are two methods to consider when accounting for credit card processing fees or merchant fees: either as a cost of sales (or COGS) or as an operating expense. View our example balance sheet Financial health indicators
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