Pirillo Logo
Carmela Pirillo CPA
CPA
Carmela Pirillo CPA
CPA
Carmela Pirillo CPA
CPA
Amazon Year End Inventory Report
By Carmela Pirillo | Published: Jan 4, 2021
xxx

This is for sellers who are not using a third party inventory app such as Seller Board or Inventory Lab.

If you haven't already done so, you will want to download an inventory report of the items and quantities available for sale on December 31, 2020 (sole proprietors) or your fiscal year end date (corporations).
For simplicity sake, let's use a sole proprietor business.
Remember to add the following to your report:

  • items that you have purchased in 2020 but have not yet received
  • items that were on the way to an Amazon warehouse as of December 31, 2020 but not checked in until 2021
Reporting inventory accurately is crucial to determining whether you have had a profitable year and it also keeps you on the right side of CRA!