I have seen a number of articles and posts about writing off "shipping costs" as a business expense but none of them are clear on what this means. Here are my questions for clarification:
1. Does this refer to shipping costs that I paid in order to ship a product that my business sold to a customer?
2. In most cases, my shipping rules are set up so that the exact amount that I will pay is charged, so I'm assuming that in this case, there would be nothing to expense/write-off because it evens out in terms of cost accounting. Is this correct?
3. In the event that the cost I pay to ship the item is higher than what the customer paid me for shipping, I'm guessing I could write off the difference, right?
4. Since the shipping costs that I paid to have products shipped to me as part of my business are already part of my expenses, I'm assuming that there isn't anything different for this type of "shipping cost" but I wanted to double check- is there anything I should be doing differently with this cost?
Thanks a ton in advance!
