Giveaways
If you give away some items or do freebies, how to record that?
Free items still represent a cost to your business.
How vendors record giveaways
- Remove the item from inventory.
- Record the cost as a marketing or promotional expense.
- Do not count it as revenue.
Why tracking matters
It prevents overstating profit and helps you understand the true cost of promotions.
Stop Guessing. Start Growing.
Stop waiting until the end of the month to see if you made money. Get instant clarity on every sale, even without Wi-Fi.
Keep reading