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Small Business Owners & Entrepreneurs

RainCaster

(11,861 posts)

3. It depends upon whether you use "cash" or "inventory" accounting.

Reply to Johnny2X2X (Original post)

Fri May 15, 2020, 02:28 PM

May 2020

My guess is that you use "cash", so you should report the net (est. profit) in the week that you receive it. Keep in mind all the other monthly expenses you incur (utilities, rent, etc.) when you calculate that profit.

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Unemployment small business income question [View all] Johnny2X2X May 2020 OP

Not an expert but I'd say keep good records of expenses ... mr_lebowski May 2020 #1

Call you UI office. ploppy May 2020 #2

It depends upon whether you use "cash" or "inventory" accounting. RainCaster May 2020 #3

Thanks Johnny2X2X May 2020 #4