#Invoice sent paparazzi plus

There are 2 important things to discuss here: Yes, the company frowns upon this, but sometimes we need to satisfy our customers!) (I also have a column to indicate if I needed to purchase from another consultant for a customer.

I list the invoice number, total of the invoice and the date. On the expense report, I have a section for Inventory. I suggest going into your back office and pulling a summary from last year and make sure you have all your invoices and print out one for your Fashion Fix since they didn’t come with invoices.

Ok, Let’s talk about INVENTORY! You should have an invoice from all your shipments last year - except Fashion Fix shipments. PLEASE NOTE: LINE 10 UNDER Part II is NOT for your commissions from Paparazzi! This is an expense and would be if YOU PAID commissions to an employee only!Ĭlick Here to get that Expense Recap Sheet However, this is actually a cost of doing business (not a good one, but still an expense!) This again would be the total cost of the pieces, including sales tax. Have you ever given someone their product because you KNOW they will pay you and didn’t? Lesson learned…move on and we won’t do it again. – The last thing I claim here is ‘Bad Debts’. (Yes, I love Office Max, but not that much! lol) things like this could trigger an audit if they think you’re claiming more than you should. Some people account for this in supplies, but since I do a large amount of shipping, I don’t want to throw up any red flags with what would look like an inflated supply cost vs my sales…. – I also record my shipping and postage here.

#Invoice sent paparazzi plus

I record my hostess rewards here – you take the total cost to you… $2.75 plus tax per piece. – This is where you can record any items that there is not a category for on the front page in Section II. If you are deducting mileage, you need to fill out part IV about how you used your car. Make sure you keep a mileage diary… I keep a small notebook in my car so it’s handy… you could also use your planner, etc. – if you are deducting for a home office, you would use line 18 and possibly 25 … I offer no advice on this expense… you should consult a tax professional. – if you rented a retail space during the year, you would put that on line 20b – if you used a credit card for BUSINESS ONLY and had any interest paid on the balance, you could deduct that on 16a – if you added to your home owner’s or renter’s insurance to cover your inventory, you would put that expense on line 15. However, you may have the following expenses: Most people wont use any of the other categories under expenses. There is one expense I don’t list on here as monthly because Paypal will calculate the entire year for me - my fees to use their invoicing and accept credit cards. You can see that each category I use goes right into the same color on the Schedule C form you use to file your taxes.

In this post, I show you my expense sheet I use at the end of every month (I totally made this one up!) (At the end of the year, I take all 12 months, and add the total for each section and put the total on a blank form for the entire year.)