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The cost of sales refers to the total expenses required to produce a product or service. This includes direct costs such as materials and labor but excludes indirect expenses such as marketing and administration.
The price of a product or service is the amount that a customer is willing to pay for it. This price is influenced by the cost of production, which has a direct impact on both the price of the product and the profit earned from its sale. Therefore, the cost of production plays a critical role in determining the price of an item or service.
With QuickBooks Point of Sale, you can effortlessly enter the price and cost of items. This intuitive feature streamlines your inventory management, making it easier to keep track of your products and maximize your profits. Say goodbye to guesswork and hello to efficiency with QuickBooks Point of Sale.
Our video tutorial explains how to enter item prices and costs in QBPOS efficiently. Our tutorial will guide you through the QBPOS system, ensuring accuracy and efficiency. Master the QBPOS system and streamline your business operations.
Topics covered in this series include:
[This tutorial video describes how to enter item prices and costs in QuickBooks Point of Sales.]
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