OSYB Blog: Number Crunch!
News and Views from OutSource Your Books, LLC
Keeping Tabs on Overhead Costs
January 21, 2020 by OSYB Staff
Overhead costs are expenses and costs that are not directly related to creating products or services but are paid with regularity to keep the business operational regardless of how the business is doing. Here are some examples of overhead costs: rent and utilities repairs and maintenance insurance office supplies accounting taxes salaries for administrative employees […]
Tips on Lowering Operating Costs
October 8, 2019 by OSYB Staff
In a previous post, we shared the definition of operation costs. Keeping abreast of operating costs at regular intervals is vital, as this information allows for improving profit margins. Reduction of operational costs directly affects profitability. Intuit Quickbooks shares ways to lower your operating costs: Stay in step with current pertinent technology regularly, as the […]
Defining Operating Costs
October 3, 2019 by OSYB Staff
Intuit QuickBooks shares a definition of operations costs as “those required for the day-to-day maintenance and administration of your business.” As a small business owner, this should be an area that is always under meticulous scrutiny. Here are some examples of operating costs: cost of goods sold (COGS) – direct costs needed to produce a […]
