What should you be tracking in your handmade/creative business bookkeeping system, is a question I’m often asked.
Honestly, I wouldn’t dream of telling you what you should be tracking in your handmade or creative business bookkeeping system. That’s YOUR decision. It’s YOUR business.
Are you faced with a huge pile of receipts for your handmade or creative business, but don’t know what you should be keeping track of or how to do it?
Sure, there are things that every business owner has to keep track of in order to do their tax return.
But, every handmade and/or creative business is unique. That means your bookkeeping systems will be different too.
- As a maker, you might need to track yarn support – while another may not.
- If you’re a pattern designer, you might sell your finished samples – while another gifts them or donates them to charity.
- Maybe as a designer, you might have a yarn stash that you need to track as inventory – while another may ONLY purchase the yarn for a specific design
- As a business, you might sell in multiple places – while another may only sell locally
There are just too many variables.
That’s why (even though I’ve been doing this bookkeeping thing for 30+ years), I wouldn’t dream of telling you want you have to keep track of.
I also would create a system and say “here – this is what you need – use this”.
Purchase this course for the insane price of $37.00 (checkout below)
With my help, you can:
- Learn about the types of things that you need to keep track of, to make the tax man happy.
- Think about what YOU want your bookkeeping system to tell you about your business.
- Discover things you might want to keep track of, that are specific to your business.
- Offer you suggestions based on your needs,
- And, help you build a Chart of Accounts for your business – all those buckets that money flows in and out of.
Which is totally different.
The “What should you be tracking in your handmade/creative business bookkeeping system?” mini-course is Bookkeeping 101 – specifically for handmade/creative business owners.
Here’s just some of the things you’ll learn in the mini-course:
- The two main business reports that every business should be keeping.
- The different money tracking categories that belong to each report.
- We’re going to focus on a LOT of bookkeeping and accounting terms, but we’ll talk about them in a way that you can understand.
- We’ll discuss “accounting speak” terms like – Assets, Liabilities, Equity, Income, Cost of Sales, Cost of Goods Sold, (Overhead) Expenses, Other Income, and Other Expenses. These are the BIG bucket categories.
- I’ll help you design a Chart of Accounts (all those big and little buckets that money coming in and going out, go into) for your business.
- We’ll talk about using spreadsheets or real bookkeeping software, so you can make an informed choice.
Things you need to know about the mini-course and what’s included:
- 7 recorded sessions, held in a private Facebook group. (In my software business I’d charge $800.00 for this training!)
- Slides & handouts.
- It’s self-paced, meaning you get to do it on your schedule – not mine.
- You’ll receive a Free “Accounting Speak” eBook
- BONUS VIDEO: Comparison of Inventory functionality – Wave vs. QuickBooks Pro (desktop) vs. QuickBooks Premier (desktop)
- You have lifetime access to the Facebook group so you can review the training as your business grows.
Purchase this course for the insane price of $37.00!
Wondering why I’m offering a course like this?
Oh boy, are you opening a can of worms! Here goes……
- Handmade business coaches aren’t teaching you about the bookkeeping involved in running your business.
- I don’t think you should be locked into using a (spreadsheet) system, designed by someone who knows nothing about your business.
- I know most of you hate bookkeeping. But, I have to wonder – is it because the system you’re using doesn’t give you the information you want or need?
- Most people I work with are totally overwhelmed by all the bookkeeping and accounting terms used by most CPA’s and tax preparers.
- I strongly feel that in order to make sound financial business decisions, you need good bookkeeping records – whether your business makes a 3 or 6-figure income.
- And more importantly, I like to help people.
Meet your instructor:
Hi there, I’m Nancy Smyth, the YarnyBookkeeper.
If you haven’t heard of me before, you may be wondering who I am and what makes me qualified to offer a course like this:
- I’m a handmade business owner – just like you
- As a career bookkeeper (30+ years) – I’ve been providing bookkeeping services to hundreds of small-medium sized businesses.
- I’m a Certified QuickBooks ProAdvisor and trainer (25+ years).
- I’ve set up complete bookkeeping systems using QuickBooks for hundreds of businesses and taught them to use the system.
- I’ve helped thousands of business owner create systems for special bookkeeping procedures that involved tracking project costs and payroll.
- I’m not a CPA and I don’t do taxes.
Wondering what the difference between a career bookkeeper and a CPA is?
- Bookkeepers are responsible for entering ALL the day-to-day business transactions. Categorizing them correctly and producing the final reports used by CPA’s to complete tax returns.
- CPA’s take the reports and financial information prepared by bookkeepers and complete tax returns. They seldom (if ever) enter day-to-day business transactions.