Understanding your profit margins is a critical component of healthy financial management. With a product-oriented business, profit margins are often largely focused on tangible goods and materials that are easily quantifiable. However, if you are in a service-based business, understanding profit margins can become a bit trickier. For services, determining profit margins requires looking into more intangible factors and qualitative factors to figure out whether your business is really getting a good ROI or not.
If you calculate your sales margins by subtracting the cost of inventory from your retail sales amounts, you might.
Sweeping disruption of the accounting industry is imminent. Massive technological change and shifting consumer.