My Handmade Biz-Why track Cost of Goods Sold? It's important to know what it cost you to make an item so you can determine a good sales price.

My Handmade Biz-Why Track Cost of Goods Sold?

Why do I need to track Cost of Goods Sold and WHAT exactly is it? Understanding what Cost of Goods Sold is and WHY it’s important to track it is certainly a confusing thing for most handmade and creative business owners.  Let’s see if we can clear that up. Over the last couple of weeks …

Inventory

My Handmade Biz-What is Inventory?

INVENTORY – an accounting term and bookkeeping task that causes terror and total confusion in the hearts and minds of makers, designers, or anyone who owns a handmade or creative business. Let’s start with – Why is inventory important? Materials and supplies are probably the BIGGEST spending category many of us have in our handmade …

3 methods for tracking costs of little parts & pieces

Tracking Costs of Little Parts & Pieces

Tracking costs of little parts and pieces that go into your final finished handmade creations can be totally mind boggling!  Here are some tips which we talked about in a live Facebook video this past week. If you are a yarn dyer you have the cost of baking soda, crochet thread, guar gum, litmus test …

Does tracking the cost of your handmade items have you frazzled?

Tracking Costs of Handmade Items Got You Frazzled?

Is tracking the cost of your handmade items have you frazzled?  Need a solution?  I have one for you – a FREE Project Costs & Pricing Worksheet. As handmade business owners tracking the costs of our finished items is every bit as important as keeping tack of ALL the costs to run our business. Do …