marketing-assistant.com

I am really clueless when it comes to some of this accounting stuff, and I can't afford to visit the CPA yet. I hope someone can help me. this is long though, and I would really appreciate your patience.----------

Background: I am using MBA software for AVON reps. I am also on erep and usually put each order in separately. I usually have two orders for me - one for business tools and samples, etc, and one for my personal stuff. I have been paying myself for my personal stuff. But I don't know how to show this stuff in accounting, so here are my questions ----------

1. Is this the right/best way to handle my purchases?----------

2. For sales to to customers should I be using the total invoice amount including order fee and tax?----------

3.Cost of goods sold - Isn't this just the total amount of the AVON invoice? If not, where do I put the individual amounts?----------
4. If I pay myself for my AVON purchases, do I show personal purchases as a deduction to my income?----------

5. Inventory - I have purchased some overstock items from other reps and minis from AVON. I include these in orders sometimes as free gifts. but I haven't been keeping track of these? Do I need to keep track of each item I give away? Should I show the price I paid, and then show the 100% discount to show it as free, so the sales amount is higher, or should I just show it as no cost to the customer, or not put it on the invoice at all?----------

Thanks so much for your help. Feel free to post comments here, or privately at tgbsews at aol dot com.