How Pocket Records Fair Sales

This guide outlines two methods for recording Faire sales, designed to streamline your accounting process.

Recording Options

1. Cash-Based Approach
   • Recognize the sale when the bank deposit is received
   • Follows traditional cash accounting principles
2. Invoice-Based Approach
   • Recognize the sale through auto-generated invoices from Shopify B2B orders
   • Typically facilitated by third-party apps (e.g., Upsteer, Streamlined)

Setup Process

During the initial setup, you will be asked to choose your preferred method. To ensure accuracy and compliance, we require your signed approval of the selected option.