 We'll see it, the money go out of the checking account. And then the question is, how are we going to record basically the money going out of the checking account? If we were doing a full service tracking inventory system within QuickBooks, we would need to be tying it out to the items so we can run inventory reports. If we're not doing a full service system within QuickBooks, which is typically the case when you're using a Shopify store, we're going to have to track inventory someplace else partially in the third-party platform because we'll have the units of inventory that we can try to make sure to populate here, but we're usually going to need something else like a spreadsheet or possibly a third-party app depending on how complex you want to get. All right, then when we sell the inventory, if it was an on-ground store and we're using a perpetual inventory system, we would use an invoice and or a sales receipt. So if it's actually in a store and someone bought it in the store, we would use a sales receipt so we don't have to track the accounts receivable and the invoice is used when we're going to have to deal with accounts receivable to track them to pay us later. So let's just think about a sales receipt situation because that's similar to an e-commerce situation because when someone buys something on a website, they're typically going to pay for it at that point in time, which is similar to someone purchasing something like in a store and bringing whatever they're purchasing up to basically the cash register. Now, when you think about a sales receipt, the transaction that happens in a sales receipt is quite complex actually, even though if it's set up properly, it's easy to facilitate. You might've gone to a grocery store that has a self-checkout. You can do it yourself, you just scan the thing. But the actual transaction that's happening is it's recording an increase in whatever you're paying them in cash that's going up possibly into some holding account so they can group the payments and then put it into the bank account. The other side is going to revenue or sales. And then you also have to deal with the decrease of inventory at that point in time and you have to deal with the related cost of goods sold and possibly with sales tax, all happens at this point if you're using a perpetual inventory system. So that means that if I was in QuickBooks in order to do that, I would have to have my items to be set up properly. And then when I make a sale, I would use either an invoice or a sales receipt and the items as I enter the items into the system and we'll show a demonstration of this in future presentations, they would properly do everything we just said. It would reduce the inventory account and dollar amount and as well as the subsidiary reports and unit record the proper cost of goods sold related to that and record the sales related to that and deal with the sales tax. Now, obviously we can't do that in a Shopify situation because we're not usually gonna make a sale with a sales receipt form. In a Shopify situation, what's gonna happen is Shopify or Amazon or whatever we're using is gonna be facilitating the sales transaction. So what we're gonna see on our side then in QuickBooks is eventually the sale is going to hit the bank account. So what happens is I'm gonna make the sales here and usually each sale may not hit the bank account at each sale. If I sell $5 products, then it's not like my bank's gonna be hit by $5, $5, $5 each time. Oftentimes there's gonna be some kind of batching that takes place. So if I was in an on-ground store, for example, if I'm at a cash register, I would basically make whatever sales I do for the day. If they were cash sales, I would group that cash together, go to the bank and then deposit a lump sum for the cash sales that happened. So what's gonna happen on my bank account is I'm gonna have a lump sum amount that's gonna be hitting the bank account. So that means that when I categorize my stuff that goes into the bank account on my books, I wanna categorize it in the same grouping that's gonna be shown on the bank statement, which adds kind of another bit of a logistical type of problem. So when we think about an e-commerce situation, we're not gonna have a sales receipt. What we do have are the bank feeds. We're gonna see the thing hit the bank. So that's one thing that we can deal with. Now, when we see the deposit hit the bank from like a Shopify store, as we saw in the past, one of the problems is that we're not gonna see some of the expenses and stuff related to it. So what we would like to do, possibly is use other integration apps if we wanna get more advanced so that we can break out and see more of the detail that's gonna go into our system. So usually the question is, well, how am I gonna deal with this inventory flow within QuickBooks when I'm actually facilitating some of these transactions in a third-party platform? Well, one way you can try to do it is you can say, I'm gonna integrate everything from Shopify, every sale that happens in Shopify, every time I make a sale of a product, I want it to pull in to our system over here as a check form or bill form every time I buy inventory. And then every time I sell inventory, I wanna create a sales receipt that will then tie out to product items that I have set up in QuickBooks, which will basically mirror exactly what we would be doing in an on-ground type of situation. Now, there's a problem with that method and that is that it's quite complicated. Number one, because now you've gotta set up all your items in here and in Shopify, make sure that they tie out and then make sure that the integration is working properly. And number two, it's redundant possibly because you already have a lot of the data in like a Shopify or Amazon in terms of the inventory count. So to do it again in QuickBooks may not be necessary. And three, oftentimes when you're making sales on like a Shopify or an Amazon, you're looking for volume. You're looking to sell a whole lot of products and you might not need to track in depth each customer other than to get them on your mailing list or something like that in QuickBooks. You might not need to pull all that stuff into QuickBooks. And if you do, then it could overload, it could weigh down your QuickBooks file over time and that wouldn't be a good thing to do. So usually the recommendation, especially for smaller businesses is not to do that because hopefully you're gonna grow and you don't wanna overwhelm the system or make things too complicated. So the next question, the next way we can do that is we can say, well, let's think about the points where the bank account is gonna be impacted, especially on the purchasing side. I can see, of course, when I purchase inventory, I'm gonna see the transaction hit the bank and instead of using a perpetual inventory system, we'll use more of a periodic inventory system. So that's how we'll deal with that side of things. And on the sales side of things, we can wait till it hits the bank and do the same thing, record the revenue when it hits the bank. However, we're also going, we might want a little bit more detail than that on the revenue side. So we could use integrations and apps to kind of give us more detail on the fees and whatnot. So that's kind of why the inventory system in QuickBooks is not really designed exactly for the e-commerce system. However, you can integrate it fairly nicely into an e-commerce system because the real issue is that the other platform is doing part of the work, right? So now you gotta pull in what you need into the QuickBooks system and we're gonna modify it so that it fits our needs. And our needs, of course, will change on the different businesses we have and how large we are and how much detail we want. And so we'll talk about some of those issues in future presentations.