Re: [SL] COGS

[<ri...@sy...>]

----- Original Message ----- 
From: "Danny Brow" <da...@fu...>
To: "SL" <sql...@sq...>
Sent: September 19, 2004 12:44 PM
Subject: RE: [SL] COGS


> I sold the computers in 2003 & invoiced him in 2003, and then Ordered
> them after the new year, that's probably my mistake.  I don't think I
> will be offer clients buy now and save at time that late in the year
> again.

Yes, you unnecessarily inflated your revenue for the prior year while
decreasing the deductions you could claim for that year. So you wound up
paying more tax than you otherwise would have.

Rich C.