Inventory, manufacturing process, business success topics for small DTC manufacturers.
inventory management
A simple, step by step walkthrough of the IRS Form 1125-A.
bookkeeping tax
We show you the easy (and surefire way!) to calculate your Cost of Goods Sold (COGS) accurately and with a minimum of fuss.
How to track and manage your raw material inventory to increase profits, become more organized and grow your business.
We discuss the difference between COGM and COGS, and show you how to calculate both important manufacturing metrics.
Thinking of setting up or purchasing a spreadsheet to get your handmade inventory under control? Before you do, you'll want to read this.
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.
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.
We show you why it's vital to track and report on your inventory - ESPECIALLY if you are a small handmade seller.
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