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.
Income sounds simple until your handmade business has money coming in from product sales, patterns, classes, sales tax, ad revenue, affiliate commissions, and who knows what else. This post explains what makers need to know about tracking income clearly, why sales tax collected is not income, and why dumping every dollar into one big “Sales” bucket can make your reports tell a very messy story.
A list of 8 Free Bookkeeping & Accounting software programs (originally compiled in July 2020) that may be suitable for handmade or creative businesses. Choosing a bookkeeping program and developing a system for your handmade or creative business can be a daunting task. I talked a little about this a couple of weeks ago, in …
Yarn support and bookkeeping – is it really necessary? Yarn support is when a yarn company gives a designer free yarn to use in a knitting or crochet pattern design. Some people will argue that the yarn isn’t a gift to the designer, but rather a collaboration for both parties – with benefits. While I …
If the Balance Sheet Report in your bookkeeping software feels confusing or easy to ignore, this post will help. Learn what your Balance Sheet is telling you about your handmade business, including what you own, what you owe, how inventory affects your cash, and how to spot bookkeeping problems faster. I’ll also explain why a Balance Sheet Report usually isn’t included in bookkeeping spreadsheets.
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 …
Keeping on track of your numbers (finances) determines your success or failure. If you are constantly avoiding your bookkeeping you’ll never get a handle on your financial numbers. Bookkeeping & how to overcome your fear of numbers Bookkeeping & how to overcome your fear of numbers is this weeks topic, because I hear things like …
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 …
