It is another category of expenses that include the costs to run the business. Many companies use the phrase operating expenses to mean the same thing. SG&A stands for Sales, General and Administrative. So, COS typically includes the wages of the people providing the service. It is similar to COGS, in that it is all the costs directly involved in producing the product or delivering a service, but when the term COS is used, it usually means it is a service company. Examples include wages of people on a manufacturing line and the costs of the materials to make the product.ĬOS stands for Cost of Sales or Cost of Services. COGS is usually used in manufacturing companies. COGS includes all the costs directly involved in producing the product or providing the service a company is going to sell. It is one of the categories of expenses found on the income statement. Here are some of the most common acronyms that are found in the income statement.ĬOGS stands for Cost of Goods Sold. Just like in any industry, finance and accounting use lots of acronyms.

Does le stand for budget