Larry, we will be receiving retail orders from now until the end of the year- should we receive them now or wait until the new year? Sarah
Sarah, remember we want to "match" revenue and expense. If you pay for the inventory you will want to count it. If you include in ending inventory and don't pay for it, we want to make sure that it is in accounts payable even though you are a cash basis taxpayer.
Let me know if there is anything else that we can do for you.
It is a pleasure serving you. Merry Christmas to all.
Larry Kopsa CPA
