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counting money

Your Handmade Business is Making Money! Yay!

Your handmade business is making money! Congratulations! You’ve worked hard to get to this point! But what about the financial side of things? Are you ready for that? In this blog post, I’ll share 9 tips on what to do when the money starts rolling in but you haven’t setup a bookkeeping system to track your income and expenses yet. …

Bookkeeping using spreadsheets-is it right for your handmade biz?

Bookkeeping using spreadsheets

Bookkeeping using spreadsheets was the most popular answer to a poll I created this week in my Free Facebook community.  I asked the members of the community to tell me what they would like to learn more about: creating a bookkeeping system using spreadsheets setting up QuickBooks Online to do your books using QuickBooks Desktop to do your books The …

Tax time. Review your bookkeeping records

Tax time, review your bookkeeping records

Tax time is almost here in the U.S. and that means it’s time to review your bookkeeping records and reports.  For some of us, it may actually mean several days of grueling data entry.  Either way, once the data is entered, you need to carefully review your reports for accuracy. For most of us here in the U.S. we’ll be …

set aside your self-employment taxes

Self-employment taxes & your handmade business

Self-employment taxes are your responsibility when you have a handmade business. You don’t have a choice and you can’t choose when you start contributing or paying these types of self-employment taxes. Tax payments are a major part of running your handmade business – you have the Sales Tax payments to the State that you need to track and pay – …