This format shows the results of more than one reporting period in a set of adjacent columns. It is highly recommended for evaluating an organization’s results over time, through a simple side-by-side comparison of the reported information. We conducted our…

A period cost is any cost consumed during a reporting period that has not been capitalized into inventory, fixed assets, or prepaid expenses. However, because product costs such as office expenses, administration expenses, marketing expenses, rent, and so on cannot…

This way, if something goes wrong, you’ll have updated backup information. To stay on top of this efficiently, update your transactions each day, including sales, inventory, amounts, dates, and other expenses. The first step to simplify your eBay bookkeeping is…