We cover bookkeeping, tax and accounting issues for makers.
bookkeeping tax
Unfortunately, Etsy doesn't currently provide a easy way of obtaining your financial sales information for tax time. We show you an easier way!
As a maker, one of the first things to realise is that you are not just a retailer of your goods - you are also a manufacturer of them. Why does this matter? Well for starters, it changes everything about the way you need to report your end of year revenue and expenses to the IRS.
Not sure whether to use FIFO, LIFO, or weighted average cost for your handmade business? Here's what each method means in practice — with real maker examples — and which one Craftybase uses automatically.
We show you why it's important to know the difference between your indirect and direct expenses when running a craft business.
For handmade businesses, it's important to know the difference between accrual and cash based and how it impacts on your bookkeeping.
Most craft sellers track materials — and miss half their actual costs. Here's the full list of expenses to track for your craft business in 2026, including the Etsy and Shopify fees that quietly eat your margins.
Find the right NAICS code for your craft business. We list the most common Schedule C activity codes for soap makers, jewelry makers, candle makers, potters, woodworkers, bakers, and more.
Confused about NAICS codes for your clothing business? We break down the most relevant codes for cut-and-sew makers, online clothing stores, custom apparel, and everything in between.
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Because they don't know what their products actually cost to make.
Every week, one practical tip on pricing, materials, and COGS — the numbers that turn a busy craft business into a profitable one.
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