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Inventory

EP
22/03/2024
Question

Dear

I have a question about inventory.

I am a beautician. Do I only need to enter the products that have not been sold in the inventory, or does that also include the products I use to provide services (such as cotton wool, nail polish, sugar wax, etc.)?

Google says: Inventory consists of goods that are available for production, sale or delivery. These goods all have a value and must be recorded in your accounts and on your balance sheet. Goods that are already in use for production are also included in your inventory.

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You really should try it out for yourself. Even if you don’t have a company number yet, you can already go ahead.

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