If you use the accrual method for tracking your inventory, meaning you deduct it when you sell it, then you need a way to track your cost of goods sold. That's exactly what this spreadsheet helps you do. Download below!
FREE SPREADSHEETS: https://notyourdadscpa.com/inventory... (you will be emailed the link)
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TIMESTAMPS
0:00 Introduction to a free and simple spreadsheet for tracking inventory and cost of goods sold
0:13 Explanation of the spreadsheet’s simplicity and purpose
0:36 Overview of inventory tracking using the specific identification method
1:25 Description of the spreadsheet’s columns and how to enter data
2:37 Details on calculating and tracking cost of goods sold
3:31 Instructions on viewing cost of goods sold summary and annual totals
4:19 Additional features for tracking income, expenses, and refunds
6:09 Example of how to enter sales and refunds into the spreadsheet
6:44 Encouragement to use the free spreadsheet
7:01 Invitation to provide feedback and join the Facebook group