Diversified Investors Group: NW Philadelphia Sub Group

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Diversified Investors Group: NW Philadelphia Sub Group

Date: July 11th, 2016

Time: 6:30 PM to 8:30 PM

Location: Manayunk Brewing Company 4120 Main St, Philadelphia, PA 19127

Presented By: Alle Bechtel/Owner CEO - Are you Bankable? Cost of Goods vs. Expenses

Trying to figure out COGS vs Expense vs Inventory in Real Estate?

This is Part II of Are you Bankable. Last time we discussed understanding what lenders are looking for and how to test your ratios before applying for credit. This time, we will go over how to determine if the costs of running your business qualify as a Cost of Goods [service] Sold COGS, general and administrative Expense, or Inventory. We will also review what benefit there is to the various ways to book transactions on your financials and how the classifications affect your tax filings and book ratios.