At the start of 2020 there were 5.94 million small businesses in the UK, and a third of small businesses consider cash flow one of their top challenges.
Cash flow can be hard to manage when you don’t know how money moves around your business. And one of the most critical metrics you must measure for this task (especially when selling physical products) is cost of sales.
Keeping your finger on the pulse of your financial data doesn’t have to be daunting. In this course, we’ll walk you through what cost of sales is and how to calculate it.