 Here we are in our custom zero homepage going into the new company file we set up in a prior presentation that being get great guitars we're going to duplicate some tabs to put our financial statement reports in like we do every time right click in the tab up top to duplicate it then we're going to right click on that duplicated tab to duplicate it again we'll go back to the tab to the middle accounting drop down take a look at the balance sheet report and then we're going to tab to the right accounting drop down and this time the income statement report let's go back to the middle tab and change the date range by hitting the date range drop down we're looking to the customize the report bringing it on up to 2023 the end of December and then make it up to date update in the report the income statement the date range looks good we're looking at 2023 so we'll go back to the first tab and let's jump on over to our float chart this is a quickbooks desktop float chart but we're just looking at it to see the flow and the cycles involved here as we trace the inventory we are imagining in this case that we purchase we had we're going to imagine a client came into our shop and said I want these particular types of guitars in our guitar shop we said well we don't have those in stock we don't have the color you want or whatever but we can order it for you from our vendor so then we went and made a custom order for the vendor for this particular customer so that we can get the guitars that they want and turn around and sell them to them so we made a purchase order in the past and then when the guitars came in we we imagined the guitars came in with a bill connected to the box of guitars and we could have at that point entered the bill into the system the physical bill we could have entered into our bill in zero which would have increased the accounts payable but instead of doing that we just paid it at that point in time with basically a check type form a money out form as we did that as we wrote basically a check type of form paying for the inventory we assigned these couple items as like a billable type of expense something that I want to pull into the invoice now this is a tricky this is where it gets a little bit messy because oftentimes when we think about that billable kind of functionality we're not thinking about it with inventory oftentimes but rather with other things like gas and stuff like that that we want to pull on over into the invoice so because we're using inventory and items are related to inventories we have to be careful when we now turn around and go to the sales side of things to pull that inventory item into our invoice and now that we're going to we're going to actually sell those guitars that we purchased for the customer so to see this let's hit the let's go to the zero let's go to the tab to the right I'm going to right click on this tab and duplicate it again and I would like to run another report for the billable items so I'm going to hit the accounting drop down and go into reports and then we're going to type in up top billable billable expenses so we're going to go into that report and we want to see them for