Apparently, I entered a number of goods as trade goods at the start-up (i.e. created a cost category (incorrectly) and continued to use it).
These are PPE (personal protective equipment) for my secondary occupation.
Now I have been notified that I have to draw up an inventory of these items at the end of this financial year, etc., because for accounting purposes they are trade goods for sale.
Can I simply reopen the previous quarters and adjust these invoices? Do I have to re-upload quarterly returns or something similar?
The moral of the story/question: are there any pitfalls I should be aware of?
Or is it better to leave everything as it is and remove it from inventory in some way? (How?)