MyBusinessDashboard Blog: Should You Discount?
Monday, May 18th, 2009SmallBizMan
From blog.dashboardtosuccess.com Small business owners don’t have much room for mistakes on their profit and loss statements. It is very important to understand how the dollar flows down to the bottom line. Subtract your Cost of Goods Sold (COGS) from your Sale. What’s left (Gross Profits) is used to pay your expenses. What’s left after that goes to your wallet and the IRS. So, what happens when you take $10 off the top? That discount falls like a cartoon anvil straight to your bottom line …