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A Complete Guide to Gross Profit Margins

Everything You Need to Know About Gross Profit Margins Before you dive into your bookkeeping software and get to work tracking overhead costs, it’s important to know just what exactly you’re tracking and why. The gross profit margin is important for businesses to track because it explains how well your costs are generating revenue. In simpler terms, the gross profit margin helps you understand how efficiently your business is managing its money. How To Calculate Gross Profit Margins Your bookkeeping system should give you all the information you need to calculate your company’s gross profit margin. All you need to do…

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