Bookkeeping feels a whole lot harder when the words themselves don’t make sense

Accounting Speak in Your Handmade Business: A Plain-English Guide

Bookkeeping feels a whole lot harder when the words themselves don’t make sense. If you’ve ever looked at a report, opened your bookkeeping software, or talked to a tax pro and thought, “What the hell does that even mean?” this post is for you. It breaks down common accounting terms for handmade business owners in plain English so you can understand your numbers with more clarity and a lot less confusion.

bookkeeping supplies, yarn, receipts, and a calculator. Text reads: “Some people say monthly bookkeeping is fine… But is it enough for your handmade business?”

Should Handmade Business Owners Do Bookkeeping Weekly or Monthly?

Should handmade business owners do bookkeeping weekly or monthly? The answer depends on your system. If you’re using spreadsheets, selling in multiple places, collecting sales tax, or trying to remember what that mystery charge was three weeks later, monthly bookkeeping may not be enough. Here’s how to keep your books from turning into a tax-time crime scene.