The Good Food CFO podcast
Building Financial Confidence. Redefining Equitability.
Leading the good food Revolution.
Challenging the
status quo of
Food business media
Providing insight into how we create a better food industry
Highlighting the people that are moving the
good food revolution forward
New Episodes weekly
Episode 98 :: Clarifying COGS: The Only Calculation You Need, the Industry “Rules” to Break, and the Financial Impact They Create
In this episode, The Good Food CFO, Sarah Delevan breaks down the concept of cost of goods sold (COGS) and its importance in understanding the financial health of your business. We explore the differences between accrual-based accounting and cash-based accounting, and how each method affects the calculation of COGS. We also clarify the distinction between unit COGS and business COGS, and the significance of knowing both.