Revenue and Profit, Don’t Get Confused Between The Two
Revenue and Profit are two totally different things in your handmade business. Don’t get confused between these two terms. To get straight to the point. Revenue is the money you make by selling your finished items or patterns. Profit is what’s left after paying your expenses. Many handmade business owners get totally confused by the …
How to organize your bookkeeping paperwork
How to organize your bookkeeping paperwork. Organizing the bookkeeping paperwork for your handmade business starts January 1 and continues all year long ………..today I’m going to offer you some tips on getting things organized. Many blog posts I’ve read about getting your financial/bookkeeping paperwork organized – talk about getting things organized for year-end so you …
Yarn Support & Bookkeeping
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 …
5 Things your Balance Sheet Is Telling You About Your Handmade Business
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.
Bookkeeping & Accounting Task Checklist-Free Download
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
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 & how to overcome your fear of numbers
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 …