![]() For the purpose of this post, my actual numbers aren't important. My Inventory, Amazon FBA and Net Income accounts do not reflect any sales or inventory adjustments since my last Amazon payday on Sept 17. But unfortunately, not all of my accounts are up to date. I know that my Balance Sheet shows a date of September 24, 2014. However, I did do my books for my former business in a similar fashion and never had any complaints from my accountant. That is why a Balance Sheet is important so you know how much you have and how much you owe at a given time.īefore I show you my Balance Sheet, I will put in my disclaimer that I'm not a professional bookkeeper or accountant. Unfortunately, a Profit and Loss Statement isn't going to answer those questions. how much sales tax did you collect and still need to pay to the states?.how much did you borrow to finance your inventory and supplies?. ![]()
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