I do the accounts for a small home bakery where the owner has different sources of income, cake sales, lessons, demonstrations, shop sales....There is a special insurance for the business that only covers cake sales. This insurance premium varies according to the level of sales per annum. What is the best way to get a total cake sales figure for the last financial year, 06/04/2018 = 05/04/2019?
Hi Colin,
With regards to the cake sales, the best approach is to create a new Income
account called "Cake Sales" and use this in the Account field whenever you
record a cake sale. The Profit and Loss field will then show the total
cake sales for the period (excluding VAT)
