Skip to main content
June 1, 2019
Solved

I am a direct seller with Thirty-One gifts and I am trying to figure out where I would file the cost of our merchandise in business expenses. Would it be under business supplies or assets?

  • June 1, 2019
  • 1 reply
  • 0 views
No text available
Best answer by PeterM

If you're not reporting inventory, but had material or supply expenses, enter them as supplies in the Enter Your Expenses section. Otherwise, use the Inventory/Cost of Goods Sold section to enter the costs associated with your inventory.

1 reply

PeterMAnswer
Employee
June 1, 2019

If you're not reporting inventory, but had material or supply expenses, enter them as supplies in the Enter Your Expenses section. Otherwise, use the Inventory/Cost of Goods Sold section to enter the costs associated with your inventory.