Download Printable Merchandising Business Accounting Templates
Merchandising business is a type of business where particular companies or entities purchase inventory from other companies and resell it to get profit. Stores that you see in every cities fall to this category. You can categorize them as distributor, agents or resellers, depends on their company or inventory size. This Accounting for Merchandising Business spreadsheet is a tool to help you record and summarize your trading/retail transactions in Microsoft Excel.
Cost of Goods Sold (CoGS) is a key term that differentiate this type business with other models. You won’t meet this term in Service companies. You will get this term in Manufacturing companies, but it doesn’t come from purchasing from other companies. It come from the combination of raw material cost and factory overhead. Then, you put profit on top of this cost to cover all of your expenses.