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