Tx for your help CPAInsider. I am not sure to understand you though.
Here is an example:
June 20th, a customer orders a T-shirt on my website.
June 22nd, I order the T-shirt from my supplier.
July 3rd, I receive the T-shirt from my supplier.
Ju;y 5th, I ship the T-shirt to my customer.
July 7th, my customer receives the T-shirt.
At any of these steps, do I have inventory?
If yes, when do I have inventory (between which dates do I have inventory)?
Do I have to report it?
Thanks again for your help.