mdlbear: blue fractal bear with text "since 2002" (Default)
[personal profile] mdlbear

The data-entry is done as of this morning, except for convention travel, in-kind payments (i.e. free CDs for the contributors), and inventory. Then it's a simple matter of tracking down all the various forms (W2, 1099) and transferring subtotals to the actual software. Straightforward, but,... ugh.

Bottom line is that it looks as though my CD sales made a small profit, at least in the sense of gross sales exceeding cost of goods sold. Whether that translates into a positive bottom line on the Schedule C will depend on just how many of my various expenditures I decide to call business expenses, as well as exactly how inventory gets handled: that's a section of the form I'm totally unfamiliar with at this point.

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