Helping handmade & creative business owners learn to handle their bookkeeping with confidence!
When you create an overall budget for your business, your Revenue and Expense budgets get “married” – so to speak. Together they can tell you all kinds of wonderful financial things about your business including: what your fair hourly wage is (or should be!), how much you should be setting aside for taxes, helps you to …
Creating an expense budget for your creative or handmade business helps you not only make the dollars you spend work for you, but also prevents your dollars from flying out the door! It also provides you with the amount of your fixed costs that you need to pay each month or year – even IF …
Wondering if using bookkeeping software or spreadsheets for your handmade or creative business bookkeeping is a better choice? Well, you aren’t alone – it’s a tough question and doing the research makes it an even tougher decision. And, let’s face it, I KNOW that most handmade or creative business owners DETEST doing their books and …
Feeling like your bookkeeping is a MESS? Need to clean it up BEFORE tax time rolls around? You aren’t alone. I was chatting with a handmade business owner the other day who told me: I’m great at cranking out products and scheduling craft fairs. I’m scrambling at tax time. I have no sense of my …
Did you know that your Profit & Loss Report is trying to tell you 7 key things about your handmade or creative business. Do you know what they are and what it’s trying to tell you? Many business owner’s think that a Profit & Loss Report (or Income Statement) is just a bunch of numbers …
When do I FINALLY get to pay myself? That’s a question most handmade business owners often ask and one that I hear a lot. Yes, you’ve been working really hard on your handmade or creative biz, the money is starting to roll in, and YES, you deserve to pay yourself. BUT, before you can figure …
Need a bookkeeping & accounting task checklist for your handmade or creative biz? Look no further – I’ve created a free one that you can download, WITHOUT giving up your name and email address or subscribing to my newsletter. Although I hope you will subscribe so you can take advantage of other freebies like this. …
3 Things Every Handmade/Creative Biz Owner Must Do – Bookkeeping basics. 1) Open a separate biz checking account. 2) Do your bookkeeping. 3) Create a budget. These are 3 things every handmade or creative business owner must do. As if you don’t already have enough stuff on your plate to do being a small handmade …
Bookkeeping using software, will cost you money- but it is going to SAVE you a LOT of time in the long run! Unlike spreadsheets, which we talked about last week, bookkeeping software costs money. Money is something that many handmade or creative business owners lack, especially when they are just starting out. BUT, time is …