Bookkeeping doesn’t have to make your creative brain short-circuit. These posts break down income, expenses, taxes, and simple systems that actually make sense for handmade and craft business owners — no accounting jargon required.
Bookkeeping using spreadsheets was the most popular answer to a poll I created this week in my Free Facebook community. I asked the members of the community to tell me what they would like to learn more about: The most popular option was “how to set up a bookkeeping system using spreadsheets” and I have …
Getting the bookkeeping for your creative biz under control should be a high priority for every handmade business owner. If you are serious about running a creative or handmade biz you need to be serious about doing your bookkeeping. Over the next few week, I’ll be giving you some tips to help you turn over …
Bookkeeping mistakes happen – I get it – they happen to the best of us. But, sometimes bookkeeping mistakes happen because of something we read on the internet written by people who mean well. I want to warn you: Not everyone out there is qualified to give you bookkeeping advice! AND, not everything you read …
There are so many different ways of keeping track of your business receipts and keep the paperwork organized for your handmade business, here are a few tips that I find most helpful. We purchase something in a store and we’re asked “Would you like a receipt?” from the person checking us out. Unfortunately, we hear …
Tracking income and expenses by venue or customer and the various jobs/projects you do for them is something every handmade business owner will want or need to do at some point. We might want to know which craft fair we spent the most money on and the amount of money that we made from that …
Calculating business use of home costs so that we can add that amount into the final cost of our finished items is important – but also very tricky. Many handmade business owners (including myself) sort of work all over the house. The IRS has some pretty specific rules for taking a business use of home …
Equity is one of those bookkeeping words that sounds more complicated than it really is. For handmade business owners, equity is basically the owner’s piece of the business — shaped by the money you put in, the money you take out, and what the business builds over time. This post breaks it down in plain English, with real maker examples and a reminder that spreadsheet users do not need to panic if they don’t see a formal Equity section.
Liabilities are the money your handmade business owes — like credit card balances, sales tax collected but not yet paid, supplier bills, or equipment loans. In this post, we’ll break down what liabilities mean in plain English, how they show up in your Chart of Accounts, and why tracking what your business owes helps you avoid accidentally spending money that’s already spoken for.
