Our platform has all the tools you need to do your accounting yourself.
Our platform has all the tools you need to do your accounting yourself.
Our platform has all the tools you need to do your accounting yourself.
Our platform has all the tools you need to do your accounting yourself.
I buy collections from private persons and sell them professionally.
Suppose I buy a collection for €1,000 and sell part of it. How do I correctly value the remaining part of my ‘inventory’ on 31 December? Since this is difficult to express per item, each item in the collection has a different value.
Then I think you'll have to make your own estimate... As good as possible :)
An auditor won't be an expert in this either, probably less so than you. So I would be truthful, but don't lose too much sleep from it. If the amounts are really large, you could look up some documentation... If you can find on a website that a particular item is worth a certain amount, take a screenshot and keep it as proof. Maybe that's overkill, though.
You really should try it out for yourself. Even if you don’t have a company number yet, you can already go ahead.
