We are going to be selling bags of firewood. Would you class the expense for burlap bags and shipping boxes as "cost of goods sold" or just materials? I assume the shipping charges for shipping to customers, ebay & paypal fees, advertising fees, barcode fees, etc., would all be considered CGS expenses read more...In article: Packing Materials as Cost of Goods Sold?
One of my colleague was mentioning that he rented his property and did not report the rental income since he was barely breaking even. According to him there is no direct way the IRS will be able to find out the actual rentals received. Is it right? If that is the case everyone will do it, right? read more...In article: Not reporting rental income
My Epson TM-T88IV receipt printer prints fine with a Test Page from the Properties. My problem is that it has a delayed print using MS POS software to print a receipt. It prints the store info pauses for a good 10-15 seconds then prints the remainder of the receipt. Also, I read more...In article: TM-T88IV receipt printer prints slow and won't kick drawer with MS POS
Dear all, I am preparing for the CPA exam now and I was a little confused with the concept "float." Here is the question: Assume that each day a company writes and receives checks totaling $10,000. If it takes five days for the checks to clear and be deducted read more...In article: CPA exam question
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author: RetailSmartGuys posted 04-11-2017We work with independent retailers every day. We know that some of you are worried about Amazon and online competition. You're worried about competing against larger competitors. There is an answ... read more »
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