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#7
12-30-2011, 07:48 PM
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First of all, inventory is not your only expense when figuring out your business expenses. You may have rent, office supplies, postage, electricity, telephone, etc., etc. It is not so simple as deducting purchases from sales. You also pay a large percentage on inventory.
I know. I own my own business and you would be shocked at what you have to pay on your year end inventory.....that is why you see so many "inventory reduction sales" at the end of each year. People need to understand what it's like to run a business of their own before they make assumptions....... Last edited by pgellis; 12-30-2011 at 07:49 PM. 
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