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Additional Inventory without Sales
Hello,
I started purchasing audio-visual equipment for resale in2014. For the sake of simplicity, $10,000 of end of year inventory in 2014. No sales occurred in 2015. I added $5,000 in inventory with no sales. When TTx shows the "Inventory" and "Cost of Goods Sold" on the "Business Income and Expenses" summary overview list, it shows $10,000 for 2014 and "0" for 2015. In the "Report the Value of your Inventory, TTx shows $10,000 in the beginning of 2015 and I entered$15,000 for the EOY for 2015. In the "Tell us the Cost of Your Goods" window, TTx shows $10,000 for 2014 Cost of Purchases. I typed in $5,000 for 2015.
the Buss. Income & Expenses Summary" shows "0" no matter if I type in "0" or "$5,000" in this field.
What am I doing wrong?
Topics:
‎January 14, 2020
5:42 PM