I have a venting machine. For my additional income line, do I just put the total sales of that machine, or the total sales minus the purchased goods?
01194
1 Replies
Carl
Level 15
Jun 6, 2019 1:04:12 AM
ALL business income is reported as such. Every single penny of it. You'll deal with what you paid for the products/inventory you sold, in the Cost Of Goods Sold (COGS) section, when you get to it.