Thank you very much. I should have added that I was simply just listing COGS as a misc. expense (this is what I was advised to do since the amounts were so low) and I have just kept with this method over the years. Not sure if this was bad advice or not. I actually believe it was advice I was given here in the community.
I'm not sure if there is a more "official" way I was supposed to be doing COGS. I think that is where my concern is. I have accurately tracked and input my correct COGS each tax year but just not sure if the way I was inputing it will affect me moving forward (whether or not I switch from Cash to Accrual).
