COGS, or Cost of Goods Sold, is an accounting term that refers to the direct costs associated with providing a service. It includes the costs for materials, labor, overhead, taxes, and any other costs that go into delivering the service. For businesses whose mission revolves around selling a service, COGS provides a great marker for measuring the financial success of their services. By understanding what’s included in COGS, businesses can make better decisions about pricing and ROI on their services. With data-driven insights from COGS, you’ll be well-equipped to bring your services to market and ensure they reach their full potential!