<stoofthe...[at]yahoo.com> wrote:

- quote -

Your accounting program is using the category to set up
accounts that are commonly used in a particular type of
business. Whichever one you choose, you will be able to set
up additional accounts. In fact, you will almost certainly
*have* to set up accounts since your business isn't a
perfect fit with either of the 2 choices.

Linda Deckert

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<stooftheoof[at]yahoo.com> wrote:

- quote -

I'd pick (2), on the theory that selling to stores is
wholesale rahter than resale. Many wholesalers also sell
retail, but are still considered wholesalers. To further
clarify this choice, get a resale license from the state.

Good luck.

Steve

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stooftheoof[at]yahoo.com wrote:

- quote -

Well, since you have no idea which activity will contribute
more than 50% of your projected, hoped for, planned,
revenue, flip a coin. It don't really matter.

ChEAr$,
Harlan Lunsford, EA n LA

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<stooftheoof[at]yahoo.com> wrote:

- quote -

The good thing is, it doesn't matter.

Since you will be selling at the retail level, select
"retail/general".

The important thing is to set-up the accounts properly and
to account for everything in the proper manner.

If you don't know much about accounting, consider taking a
class on business bookkeeping/accounting at the local
college. Possibly in their continuing education program.
Most I've seen are quite good at covering most of the bases.

--
Paul A. Thomas, CPA
Athens, Georgia
taxman at negia.net

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I have a small startup company and am just getting started
with an accounting program, filling in the interview
part...and I don't know what type of business mine is!

Here's what my business does: I invented a card game and I
hope to sell it online and distribute it to stores.

I have to choose between one of the following two categories
(other choices aren't even close):

1: Retail:General or
2: Wholesale/distribution

Any ideas on which I should choose? I can't choose both.

SAS

<< ================================================== ===== > << The foregoing is intended for educational purposes only > << and does NOT constitute legal OR professional advice. > << > << The Charter and the Guidelines for submitting > << messages to this newsgroup are at www.asktax.org. > << Copyright (2005) - All rights reserved. > << ================================================== ===== >