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eBay Business All-in-One For Dummies, 4th Edition
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eBay Business All-in-One For Dummies, 4th Edition

by Marsha Collier
February 2018
Beginner content levelBeginner
648 pages
15h 22m
English
For Dummies
Content preview from eBay Business All-in-One For Dummies, 4th Edition

Chapter 2

The Necessity of Taxes and Value of Business Reports

IN THIS CHAPTER

check Finding a tax professional

check Understanding first things first: Bookkeeping basics

check Saving your records to save your bacon

check Letting your reports talk to you

check Keeping your company records organized and safe

You’ll get no argument from me that bookkeeping can be the most boring and time-consuming part of your job. You may feel that you just need to add your product costs, add your gross sales, and bada-bing, you know where your business is. Sorry, I wish that’s how it worked, but it’s not that easy.

Did you add that roll of tape you picked up at the supermarket today? Although it cost only $1.29, it’s a business expense. How about the mileage driving back and forth from suppliers, garage sales, and resale shops? Those are expenses, too. I suspect that you’re not counting quite a few other seemingly “inconsequential” items like these in your expense column.

I must confess that I enjoy posting my expenses and sales ...

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Publisher Resources

ISBN: 9781119427711Purchase book