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How to categorize craft business expenses

How to categorize craft business expenses is really pretty simple.  By the time you finish reading this post you’ll be ready to tackle the task at hand.  Categorizing craft business expenses can be totally overwhelming and confusing for new handmade, creative or craft business owners. Heck, even some of us who’ve had a handmade business …

How to record an Owner’s Draw

Learn how to record an Owner’s Draw in your bookkeeping records for your handmade or creative business. An Owner’s Draw is: money you take out of your business to pay or repay yourself NOT a business expense, so it should not show up on your Profit & Loss Report part of your businesses Equity, so …

How to record an Owner Contribution

Learn how to record an Owner Contribution in your bookkeeping records for your handmade or creative business. An Owner Contribution is: money that you take out of your own pocket or the family finances/budget to fund your handmade or creative business NOT Income for your business tracked on the Balance Sheet in the Equity Section …