Welcome to the Yarny Bookkeeper
Welcome to the Yarny Bookkeeper
So you want to start a handmade business
So you want to start a handmade business
Webinar Replay-10 Things EVERY handmade business owner should know!
Webinar Replay-10 Things EVERY handmade business owner should know!
3 methods for tracking costs of little parts & pieces
Tracking costs of handmade items

Tracking Costs of Little Parts & Pieces

Tracking costs of little parts and pieces that go into your final finished handmade creations can be totally mind boggling!  Here are some tips which we talked about in a live Facebook video this past week. If you are a yarn dyer you have the cost of baking soda, crochet thread, guar gum, litmus test …

You'll need help filing your 2018 tax return
Taxes

The 20% Pass Through Deduction & Your Handmade Business

This week we’ll talk about how the Tax Cuts and Job Act will impact those of  you who are running a real business.  Last week we talked about how the new Tax Laws impact those of you who treat your handmade business as a hobby – you can read that article here. Let me clarify …

How will the new tax laws impact your handmade business?
Taxes

The New Tax Laws and Your Handmade Business

Wondering how the new tax laws will impact your handmade business in 2018?  I’ve been wondering too and now that my taxes for 2017 are done and there is better information available, I’ve been doing some research.  Here’s what I’ve found so far. First off, let me make it perfectly clear and remind you that …

Warning - it's going to be a little messy around here
Starting your handmade business

Warning-Things are going to be a little messy

Saturday, February 10, 2018 Good morning everyone 🙂 I just wanted to give everyone a heads up that things are going to be a little messy around here for a week or so while I add a new theme to the site and get everything looking and working properly. When I launched this site back …

What do you want to know about starting a handmade business?
Starting your handmade business

What do YOU want to know?

What do you want to know about starting a handmade business and bookkeeping for your handmade business? It’s occurred to me that I can write all kinds of articles about starting a handmade business and bookkeeping for your handmade business – BUT – if I’m not answering YOUR questions, then I’m just adding to all …

Equity-Accounting speak for your handmade business
OMG I'm SO confused!

Equity-Accounting Speak Your Handmade Business

Equity – that’s an accounting speak for your handmade business term used by CPA’s, tax professionals, and business advisors for how much your business is worth.  That’s why Equity are the third section of your Chart of Accounts and your Balance Sheet report. What the heck is Equity? Equity is a tricky little devil and isn’t entirely straightforward (imagine that!).  Depending …

Liabilities-Accounting speak for your handmade business
OMG I'm SO confused!

Liabilities-Accounting Speak Your Handmade Business

Liabilities – that’s an accounting speak for your handmade business term used by CPA’s, tax professionals, and business advisors for money that you owe or will owe to others.  That’s why Liabilities are the second section of your Chart of Accounts. Liabilities are divided into two categories: When it comes to bookkeeping, accounting, taxes, and the IRS – …

Assets-Accounting speak for your handmade business
OMG I'm SO confused!

Assets-Accounting Speak Your Handmade Business

Assets – that’s an accounting speak for your handmade business term used by CPA’s, tax professionals, and business advisors for the things that your handmade business owns that has value.  That’s why Assets are the first things that are listed in the Chart of Accounts. Assets are divided into three categories: When it comes to bookkeeping, accounting, taxes, …

Chart of Accounts - Accounting speak for your handmade business
OMG I'm SO confused!

Chart of Accounts-Accounting Speak Your Handmade Business

Chart of Accounts – that’s accounting speak for your handmade business for the way that CPA’s, tax professionals and business advisers organize financial data about your company.  They use a Chart of Accounts much like we use  a plastic storage organizer to organize our crafting supplies. Now, technically speaking (according to General Bookkeeping and Accounting practices); each …

Accounting for overhead expenses in your handmade business
Tracking costs of handmade items

Overhead Expenses-Your Handmade Business

Overhead expenses in your handmade business are confusing – it doesn’t mean that they are expenses that are literally over your head 😛 In a previous post – Keeping track of expenses for your handmade business, we learned that overhead is just an accounting speak term that means – costs (money you spend) in your business that …