Inventory, manufacturing process, business success topics for small DTC manufacturers.
bookkeeping tax
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.
Why generic bookkeeping packages not built for handmade sellers are typically not the right choice for craft sellers.
We discuss the advantages and disadvantages of each inventory valuation method, showing you the best one to use for your manufacturing business situation.
We show you why it's important to know the difference between your indirect and direct expenses when running a craft business.
inventory management
We show you why it's vital to track and report on your inventory - ESPECIALLY if you are a small handmade seller.
There are many tax expenses involved in running your own professional craft handmade business - we guide you though some of the most common ones.
We outline the Principal Professional Activity (NAICS) most relevant to your handmade craft business.
handmade success
We cover the need-to-knows of getting started with record keeping for your craft business.
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