The "so-called experts" in the handmade or creative business world all seem to recommend spreadsheets.  I'm betting that most of them actually use software, even though they tell YOU that spreadsheets are the way to go - so they can SELL you a spreadsheet that they designed but don't use anymore!  

Software or spreadsheets for handmade business bookkeeping

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 …

3 Things EVERY handmade/creative biz owner MUST do-Bookkeeping basics

3 Things Every Handmade/Creative Biz Owner Must Do-Bookkeeping Basics

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-Accounting speak for your handmade business

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

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

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 …

Keeping track of expenses in your handmade business

Keeping Track of Expenses for Your Handmade Business

Keeping track of expenses for your handmade business is just one piece of your bookkeeping, accounting, record keeping, or whatever you choose to call it. In our last blog post, we talked about why you need to do bookkeeping for your handmade business. In this post, we’re going to do a basic overview about what …

Bookkeeping & your handmade business

Why do I need to do bookkeeping for my handmade business?

Business and bookkeeping go hand in hand – it’s a fact of life just like death and taxes.  The moment you decide you are going to start a real handmade business and not just be a hobbyist anymore – EVERYTHING changes! One of the changes is that you now need to do some serious bookkeeping …