Starting a sole proprietor: timing

Well, I understand your question, but you are talking about investments in the first year. Investments have to be depreciated, so spread over several years. So, let's say you invest 10,000 euros in the first year, then you have to spread that 10,000 euros over 3, 5, 10, ... years (i don't know what you're going to purchase, hence). So I would think that the impact on the start-up year will be less than expected. But then you talk about selling goods in year 2. That makes me suspect that you will also be buying a lot of trade goods in year 1? (Trade goods are not investments, but be sure to check the learning center for that). If there are a lot of trade goods in year 1 that you haven't sold, then they have to be recorded as inventory at the end of the year. This means that the cost from those purchases doesn't remain in year 1, but ends up in year 2.

So waiting for that doesn't seem worth the effort to me :)

Ahaaa, that's the clue! The stock. Yes, those 'investments' are indeed almost entirely trade goods. So they can't be depreciated, I acknowledge, but the stock acts as a kind of depreciation... I still have a thing or two to learn about that :) Thank you!

Then I'm glad I could help! That's what we're here for (at least in part) :)

I'll give you an example, maybe that will get you started in the learning process:</

In 2021, I purchase 1,000 euros worth of trade goods, not considering vAT for now. When I enter those invoices, my expenses for 2021 will include 1,000 euros.But I don't sell those trade goods in 2021, for whatever reason, I haven't sold them. So on 31 December 2021, I have an inventory worth £1,000.

If you then go to personal income tax and click on inventory, you can enter the value of the inventory there. If you set the inventory at 1,000 euros in 2021, the next will happen:

1,000 euros will be deducted from expenses in 2021 and transferred to inventory.

Then, in 2022, you set your initial inventory at 1000 and your closing inventory in 2022 will remain at zero (which makes sense, as you do not yet know the closing inventory in 2022).But in this way, the 1,000 euros from 2021 will actually be stopped in 2022. You can also follow this nicely in the dashboard, income statement, summary, etc. There you can always see the impact on costs when you edit something in your inventory.

Not easy, but hopefully a start?! ;)

Ah, cool, that's how I acknowledged it. It's a pity that Dexxter doesn't offer more in terms of inventory. Suppose I buy trade goods, which are then included in purchases. Suppose you could flag them as inventory or transfer them to the inventory calculation... Or link them to products, but then that's not the correct price because it has to be the purchase price. Maybe an extra line for products with cost... But that might be a bit too complex and depends on the individual... Is there a good, affordable software tool for inventory management?