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Other Income and Other Expenses Explained for Handmade Business Owners

Coaches love to talk about adding more revenue streams, and I’m not against that. But before you toss product sales, pattern sales, class income, ad revenue, affiliate commissions, and random rebates into one big “Sales” bucket, let’s talk about why that can make your reports muddy fast. Other Income and Other Expenses may sound like boring bookkeeping leftovers, but they can help you see what’s actually working in your handmade business, what belongs somewhere else in your books, and what just made the month look better than it really was.

bookkeeping supplies, yarn, receipts, and a calculator. Text reads: “Some people say monthly bookkeeping is fine… But is it enough for your handmade business?”

Should Handmade Business Owners Do Bookkeeping Weekly or Monthly?

Should handmade business owners do bookkeeping weekly or monthly? The answer depends on your system. If you’re using spreadsheets, selling in multiple places, collecting sales tax, or trying to remember what that mystery charge was three weeks later, monthly bookkeeping may not be enough. Here’s how to keep your books from turning into a tax-time crime scene.

Maker reviewing receipts and bookkeeping notes at a desk with yarn, laptop, and calculator, representing what handmade business owners should track in their bookkeeping.

Bookkeeping for Makers: What to Track … (and What You Can Totally Ignore)

You’ve been told to separate personal and business money… and then left to figure out the rest on your own. So makers guess, overthink, or avoid bookkeeping altogether. In this post, you’ll learn exactly what to track in your handmade business (and what you can safely ignore), so you can stop second-guessing your numbers and focus on the money that actually matters.