Hi, I’m Nancy Smyth, the face behind the Yarny Bookkeeper.
I’m here to help you learn to handle the bookkeeping tasks for your handmade or creative business with confidence!
As a career bookkeeper, I’ve been helping business owners learn about bookkeeping tasks and how to handle them for more than 30 years.
I’m also a handmade business owner, just like you.
In 2016, when I started my handmade business (Fanciful Things, LLC), I joined several membership groups that focused on starting a yarn related business. I soon realized that no one was talking about the important aspects of running a business. Things like:
- How the IRS views handmade businesses,
- What you have to track to PROVE you are a professional business
- Business structures
- Employer Identification Numbers (EIN’s)
- State and/or Local Business Licenses, Permits and Taxes
- Bookkeeping and Accounting terms
- Bookkeeping in general
I’m betting you’ve done a LOT of “Googling” for handmade or creative business bookkeeping.
You’ve probably found a whole bunch of “stuff” that is outdated, general, or just isn’t what YOU were looking for.
You may be feeling pretty frustrated over the amount of time you’ve WASTED!
I know that most of the information you find on the internet about starting a handmade or creative business focuses on selling your items.
I also know that there is little information on the behind the scenes tasks involved in actually starting and running a business. Like the bookkeeping, which can be totally overwhelming!
And few were talking about bookkeeping for a handmade or creative business. Sure, there is a ton of very general bookkeeping advice out there – but not much in the way of bookkeeping tips for the handmade or creative business owner.
I’m going to get a little personal here, if you don’t mind, just for a minute.
- Do you currently own a handmade or creative business?
- Maybe you’re thinking of starting a handmade or creative business, where you sell finished items or pattern designs.
- Has anyone talked about all the bookkeeping and other behind the scenes stuff involved in starting and running a successful business?
What the Yarny Bookkeeper site is all about……..
What I do is simple. I teach handmade business owners (without using accounting speak, how to understand the bookkeeping tasks involved in setting up and running a business. And a lot of the other behind the scenes tasks too.
My superpower (if you want to call it that)……….
Is knowing that handmade and creative business owners can learn to handle their bookkeeping tasks with confidence………they just need someone to speak their language!
If you are thinking of turning your love of handmade items (and perhaps your current hobby) into a real business and are wondering about things like:
- How to register your business
- Determine your initial investment
- How to price items to regain your startup costs AND make a profit
- What counts as business related expenses for handmade or creative business
- What you need to keep for receipts
- How long you need to keep business records
- How the IRS views handmade businesses
- Things you MUST track to prove you are a professional business
- Choosing a business structure – Sole Proprietor, DBA, or LLC
- What Federal, State, and Local Agencies you need to register your business with
- How to translate all those bookkeeping and accounting terms into simple English
- And so much more
If you already have a handmade or creative business and you’re looking to get your finances under control, then you’ll find information about:
- Using spreadsheets for tracking your finances
- Using bookkeeping software, like QuickBooks desktop, QuickBooks Online, or Wave Accounting
- How to track things like Owner Contributions and Owner’s Draw
- The correct way to track inventory
- How to calculate business use of home costs
- And, so much more….
Then you are most definitely in the right place. These are just a few of the things that I talk about, write articles about, and teach here on The Yarny Bookkeeper website.
So, grab your favorite beverage and take a look around. Be sure to sign up for my newsletter (below) before you go and receive my free welcome gift – a Project Cost & Pricing Worksheet.