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!
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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 inventory works and why it’s important in your handmade, creative, or craft business can be totally confusing to understand. Running a handmade, creative, or craft business is a labor of love. The overhead required to keep it running smoothly is usually your precious time and energy. Understanding how inventory works and why it’s important to …
Am I serious about helping handmade business owners learn to handle their bookkeeping? Believe it or not, but last week I was asked this question in an Instagram direct message. The question came from someone who has one of those private Instagram accounts. The question was asked because they felt I wasn’t present enough on …
Wondering if using bookkeeping software or spreadsheets for your handmade or creative business bookkeeping is a better choice? Well, you aren’t alone – it’s a tough question and doing the research makes it an even tougher decision. And, let’s face it, I KNOW that most handmade or creative business owners DETEST doing their books and …
When do I FINALLY get to pay myself? That’s a question most handmade business owners often ask and one that I hear a lot. Yes, you’ve been working really hard on your handmade or creative biz, the money is starting to roll in, and YES, you deserve to pay yourself. BUT, before you can figure …
3 Things Every Handmade/Creative Biz Owner Must Do – Bookkeeping basics. 1) Open a separate biz checking account. 2) Do your bookkeeping. 3) Create a budget. These are 3 things every handmade or creative business owner must do. As if you don’t already have enough stuff on your plate to do being a small handmade …
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 – …