Business Budgeting Software Guide: Budgeting Software for Small to Enterprise Business
Snyder
DECEMBER 21, 2022
Profit margin analysis. Understanding your gross profit margin is essential when creating your budget. It gives you insights into how well your business is doing and whether you need to reduce costs or increase revenue (and factor it into your budget). Gross Profit Margin = ((Net Sales – COGS) / Net Sales) * 100.
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