Hi Rose,

I think your suggestion is useful.   To summarize:

1) Create an invoice for Amazon FBA Sales.   When the money gets deposited to the bank, record the payment which will close out the invoice.  Please note, we get pay every two weeks.   The actual deposit  may not be in the same month due to grace period from the time Amazon released the fund to the time Chase actually received the deposit.  Will it matter?   No, right?

2) Returns.   Create a new good/service line item for Amazon Returns.  Once the item is created, create an invoice .   I will need to learn how to give a customer a refund as I have never done so before

3). Expenses.   I will record this expense amount as COGS Expense since that’s how I’ve been doing it since filing as SCorp.

4). For Transfer, basically do nothing because this will net out 1, 2, and 3 as discussed above?