I have an online jewelry store. I have supplies that I purchase to MAKE jewelry like crimping tools, plyers, and scissors, I have items I purchased like a camera to take proper pictures to put items online. These items do not become part of the end product. Now I also have supplies that go to the customer when they buy jewelry, like the shipping envelope, the jewelry box, the bubble wrap. I remember the tax consultant said supplies that go to customer gets put in one section and supplies I use to make everything, including camera to take pictures get put somewhere else. Now please understand, I am not talking about the supplies and materials that become finished product. I see where that goes. So the two places in question : one is under Business Expense, other common business expense under title of supplies (I think this is where I put my tools and camera) the other is in Inventory under the cost of my material I believe it was called other expenses ( I think that is where the tax man said to put the cost of my shipping containers, jewelry boxes and anything else that goes to the customer.) Do I have this correct or backwards.
Also under other common business expenses, it states under 200. Now do I need to list every item to show that the only thing I had over 200 was my camera, or can I lump sum it. The supplies total approx. 450 and the camera 700.
Thank you
