Helping handmade, creative and craft business owners learn to handle their bookkeeping, one step at a time!
Helping handmade, creative and craft business owners learn to handle their bookkeeping, one step at a time!
Confused about pricing or cost of goods sold? You’re not alone. Here you’ll find maker-friendly guides on tracking materials, calculating COGS, and pricing your products with confidence (and profit!).
How to track inventory is a question that makes the eyes of most handmade and creative business owners glaze over in confusion and perhaps just a touch of terror. This post offers practical tips on how to track inventory including what info you need to track. Last week, in Part 1 of this 4 part …
INVENTORY – an accounting term and bookkeeping task that causes terror and total confusion in the hearts and minds of makers, designers, or anyone who owns a handmade or creative business. Let’s start with – Why is inventory important? Materials and supplies are probably the BIGGEST spending category many of us have in our handmade …
A physical year-end inventory is an absolute MUST for every creative or handmade business owner. Let me start by saying that inventory is an animal all of it’s own. Inventory, just like any animal, needs constant attention. EVERY creative or handmade biz that has inventory MUST: This Materials Inventory spreadsheet is part of The 10-Minute …
Calculating business use of home costs so that we can add that amount into the final cost of our finished items is important – but also very tricky. Many handmade business owners (including myself) sort of work all over the house. The IRS has some pretty specific rules for taking a business use of home …
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. No matter what you make there are always going to be items such as this that are hard to …
Are you struggling to keep track of the costs of your handmade items? It’s essential for handmade business owners to accurately determine the expenses associated with each finished product. That’s where the Project Costs & Pricing Worksheet comes in. This free tool eliminates guesswork, allowing you to calculate costs, set appropriate selling prices, and stay organized. Say goodbye to relying on memory or sticky notes covered in numbers. Subscribe to our newsletter and get your own copy of the worksheet today.