Want a powerful handmade businesses bookkeeping spreadsheet system, that’s easy to use, makes tax time so much easier, and doesn’t require spending hours with a calculator BEFORE you can even get a monthly total? Do you want a spreadsheet system mainly because you aren’t quite ready to use real bookkeeping software?
Introducing “The 10-Minute Bookkeeper – Handmade Business Spreadsheet Bookkeeping System”
I’ll be honest. Spreadsheets can be great.
But, there are handmade businesses bookkeeping spreadsheet systems that just seem to suck the life right out of you!
If you’re looking for a powerful handmade businesses bookkeeping spreadsheet system that doesn’t:
- Make you to gather up all your receipts and add them up with a calculator. BEFORE you can even get a monthly total. [GROAN]
- Make it hard to figure out where the expenses go on your tax return? [DOBULE GROAN]
- Lack the ability to customize the expense accounts to fit the types of things you spend money on [TRIPLE GROAN]
- Give you a clear picture of what’s going on in your business. [QUADRUPLE GROAN]
Yes, it’s true. Not all handmade businesses bookkeeping spreadsheets have been created equally. Many lack the ability to customize your expense accounts to meet the types of things you spend money on. Or they leave you in a state of total confusion at tax time. When you’re left wondering “where do I put this amount”.
But, let’s face it, most handmade businesses bookkeeping spreadsheets:
- Are designed by someone who THINKS they know what you SHOULD be tracking
- Have been created based on that persons own personal experience
- Arranged in a way that makes sense to THEM. Not in a way that makes sense to you.
- Leaves you totally confused at tax time.
- Leaving you to figure out where do I put this amount on my business tax return???
Myth-Busting and Navigating the Realities of Handmade Business Bookkeeping
MYTH: So, you may have heard that handling the bookkeeping for your handmade business is a walk in the park. Just charge three or four times the cost of materials and consider three-quarters of your sales as pure profit. Easy peasy, right? WRONG!
REALITY CHECK: Nope, not even close! Let’s face it, that approach is about as effective as trying to knit or crochet with uncooked spaghetti noodles! It’s a hobbyist’s way of thinking.
Let’s ditch the shortcuts and embrace the truth. Don’t fall for the myth —- it’s a crafting catastrophe just waiting to happen.
Introducing the “10-Minute Bookkeeper” – Handmade Business Bookkeeping Spreadsheet System
Picture this…….
Your bookkeeping spreadsheets (once a tangled mess) now streamlined and organized!
With my help, you’ll be able to:
- navigate the twists and turns of inventory management,
- decode the mysteries of Cost of Goods Sold,
- learn to categorize expenses (for yourself, your CPA, and the Tax Man) like a seasoned sailor who charts the stars
- and see a clear financial picture of your business by month, quarter, and year-to-date at any given moment!
Stop feeling totally baffled when it comes to IRS rules and obligations when tax time rolls around.
Let’s talk about WHY Bookkeeping Matters
OK, I get it, most of you aren’t the “administrative or bookkeeping” types. Most creative people aren’t and honestly that’s ok.
But, you can learn to be!
So maybe you’ve left all that bookkeeping paperwork in a pile on your desk or in an email folder, hoping that a bookkeeping fairy will come take care of it all.
Then BAM.
It’s the end of the year and you’re left with a huge mess to sift through to get ready for tax-time!
But, have you seen that horror movie scene – where a stressed business owner lugs a box of receipts into the accountant’s office at tax time, looking like they just survived a shipwreck.
Here’s the reality check. IGNORANCE IS NOT BLISS!
Financial ignorance can destroy your business faster than you can frog your latest WIP!
Why is bookkeeping important? Let’s take a look:
- Don’t Play Guessing Games With Your Finances. When you’re flying blind with your finances, there’s no way to tell if your business is making a profit or not
- Tax Trouble. When you’re a business owner, it’s your responsibility to track and report your income and expenses to the IRS each year. Honestly, no one wants the tax man knocking at the door.
- Is Your Business Making a Profit or Losing Money? I’m betting you started your business to make money, right? Sure, it would be super easy to just guess what your profit is, take the money and buy more yarn …. But that’s hobby thinking and not how a real business works.
- Which Platform That You Sell On is Producing the Most Income? This answers a really important question that most of us have. Imagine knowing where to focus your marketing efforts and what platform you should give up. There’s no use selling on a platform that isn’t bringing in money. Right?
- What Are You Spending the Most Money On? Are you spending tons of money on courses or memberships that you haven’t done anything with? Time to cancel those.
If you ignore the financial side of your business, you are destined for trouble. Even though you did all the other things right.
But, you have a choice in how you approach the financial side of your biz.
You can choose to look at your bookkeeping as a useless burden that you need to do for tax time.
OR,
You can choose to empower yourself as a business owner by taking control of your bookkeeping on a very regular basis.
Wait….But “What is the “10-Minute Bookkeeper” – Handmade Business Bookkeeping Spreadsheet System?“
Wondering what it’s all about and what’s included? I’m glad you asked! Here’s what’s included:
- Bookkeeping Spreadsheet System that includes 12 monthly sheets PLUS a Profit & Loss Report
- Equipment Purchases Spreadsheet – to track big ticket items that cost more than $500
- Materials Inventory Spreadsheet
- Finished Items Inventory
PLUS, these Bonus Spreadsheets
- Project Cost of Goods Sold & Pricing Calculator – so you know what the Cost of Goods Sold entry should be when you sell a finished item
- Pattern Pricing Calculator – so you know exactly what it cost to design that pattern and how many patterns you need to sell before you start making a profit.
- Fair Wage Calculator – so you can figure out what your real fair wage should be based on your desired income and how many hours you have available to work.
- Business Use of Home Worksheet – so you can figure out an hourly value for the use of your home
Video training:
- Complete Audio/Video Training – I show you how to use EACH of the spreadsheets – including how to enter transactions!.
- And A BONUS VIDEO – covering how to categorize your expenses. Learn how they line up with your tax return, and what goes in that dreaded “OTHER” category.
Why Choose the “10-Minute Bookkeeper” Handmade Business Bookkeeping Spreadsheet System?
Tracking income and expenses for a handmade, creative or craft business is more complicated (and scarier) that the myth suggests, but it doesn’t need to be mind boggling.
The “10-Minute Bookkeeper” Handmade Business Bookkeeping Spreadsheet System has been created based on 30+ years of bookkeeping experience and countless hours spent talking with handmade business owners, just like you.
- Designed For Handmade, Creative, and Craft Business Owners. With a pre-built Chart of Accounts that has all the same categories that you’ll find on your tax return, this system will meet the needs of most makers and designers. But it’s flexible enough to customize to meet your specific needs. Bottom line – it will make tax-time feel so much easier.
- Track Multiple Revenue Streams. Includes the ability to track your sales on each of the platform that you sell on.
- Effortlessly Update It Daily. Simply spend just 10-15 minutes each day updating your your spreadsheets. Includes 12 monthly sheets with columns for each day, this makes entering transactions a breeze. No more daunting hours number crunching with a calculator!
- Automagic Profit & Loss Report Creation. Watch the magic unfold as your Profit & Loss Report automatically updates (the month, quarter and year-to-date), as you enter each transaction. Say goodbye to monthly and quarterly manual calculations and hello to real-time insights into the financial health of your business at any given moment. Additional bonus – it’s formatted like a real Profit & Loss Report that any CPA, business advisor, or banker can understand.
Plus, there a spreadsheets:
- To Help You Manage Your Inventory. Keeping track of materials and finished items can be a pain. But you need this information at tax-time. Watch as your inventory ending balances automatically update with each entry.
- Track Cost of Goods Sold. Knowing what it cost you to make each item you make or pattern you design is crucial. You need to have this information when you sell that item. No more guess work about what it cost.
- Determine YOUR Fair Hourly Wage. There are a lot of ways to figure out what your fair hourly wage should be. But this one makes sure there’s enough money for you to pay yourself. Start with your desired annual income, hours available to make or design, and overhead expenses. It will even come up with how much money you should be setting aside for taxes and how much you need to sell.
- Figure Out Business Use of Home Expenses. Most of us don’t have a dedicated room where we exclusively work. This means we miss out on the Business Use of Home Deduction on our tax return. But, we can come up with an hourly value which can be included in your Fair Hourly Wage.
But there’s more!
- Audio/Video Training – Designed to show you how to use each and every spreadsheet and enter tricky transactions.
- BUT THE ABSOLUTE BEST PART. It’s a one-time purchase! The 10-Minute Bookkeeper Handmade Business Bookkeeping System can be reused year after year! Making it easy on your business budget.
So, Are You Ready to Transform Your Handmade Businesses Bookkeeping & Craft Your Financial Success in Minutes?
Our powerful handmade businesses bookkeeping spreadsheet system helps you takes the hassle out of your bookkeeping making it less of a dreaded chore.
Are you able to imagine a world where managing your finances feels like a breeze – not a dreaded chore? A world that gives you more time to focus on what you love, your craft!
- Gain Instant Clarity. Stop drowning in bookkeeping confusion. The “10-Minute Bookkeeper” Handmade Business Spreadsheet Bookkeeping System gives you crystal-clear insights into your business finances. This helps you to identify profitable platforms, what you’re spending the most money on, etc. All the while allowing you to make informed decisions without the headaches.
- Customizable & User Friendly. You don’t need a fancy-pants degree! Just imagine a built-in Chart of Accounts that lines up with the categories on your tax return. While giving you the ability to add specific types of expenses you want to keep any eye on.
- Throw away that calculator! Enter income and expenses by day and the totals magically appear by month and are then automagically transfer to your Profit & Loss Report!
- Perfect For the New and Small Handmade Business Owner. Ok, so let me be honest… spreadsheets don’t feel as overwhelming as real bookkeeping software.
- Shift Your Mindset. Go from saying “But I’m not a numbers person” to “I am a person who is learning to be good with numbers.” And, suddenly you’re in a mindset of ability and empowerment.
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Does this also work with the Canadian Tax system?
Hi Donalda, thanks for stopping by and leaving a comment.
Yes, this will work with Canada as well as the U.S. tax systems. Both countries track the same things, they are just in different locations on the actual tax forms.
Have a great day!
This sounds great! How soon do you expect it to launch?
Hi Kristen, thanks for dropping by. I’ll be launching the 10-Minute Bookkeeper System on 11/22/24. Stay tuned for more details 🙂