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sanderson1953
January 10, 2023
Question

Cost of Product Analysis

  • January 10, 2023
  • 1 reply
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Hi there I am in the process of doing a cost of product analysis for our products.  determining how much to sell our products for.  We sell teas, herbal and bath products.  These are made in house.  I searched online for a formula for how much to sell our products for but could not find anything appropriate.  

 

Does anyone have a formula for the cost of product analysis?  much appreciated.

1 reply

A
Alex M
January 10, 2023

Hi there sanderson1953,

 

it's vital that your business runs smoothly. QuickBooks Self-Employed is a great tool able to help you keep track of the sales as well as expenses you make for your business. I can point you in the right direction for guidance on how you should be setting up your sales.

 

In order to know the best way to calculate your sales price for the services and products you offer your customers, I recommend speaking to a business consultant near you. Their expertise in helping businesses such asd yours will be able to help you know the best way to set up your sales price based on the products you offer. Perhaps there are also some users in te QuickBooks Community that could also provide some insight on how they calculate their prices.

 

Have a great rest of your day!

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