Inventory, manufacturing process, business success topics for small DTC manufacturers.
bookkeeping tax
Shopify's built-in cost field won't give you accurate COGS if you make your own products. Here's how to actually track cost of goods sold as a maker using Shopify.
Etsy doesn't show you your real COGS. Here's how to calculate cost of goods sold as an Etsy seller — materials, labour, overhead — and why it matters more than your revenue.
Learn how to calculate Cost of Goods Sold for your handmade business. Covers the COGS formula, materials, labour, overhead, weighted average costing, pricing, and Schedule C reporting.
Learn the COGS formula step by step with real-world examples for small manufacturers. We cover what to include, what to exclude, inventory valuation methods, and how to report COGS on your taxes.
WooCommerce doesn't track COGS natively. Learn your options — from plugins to dedicated manufacturing software — and why makers who produce their own products need a different approach.
If your handmade business sells physical products, Form 1125-A is how you report your cost of goods sold to the IRS. Here's exactly what each line means — and a worked example for makers.
inventory management
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 tracking your handmade inventory in a spreadsheet? Here's what craft inventory spreadsheets can and can't do for your Etsy or handmade business.
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.
The IRS doesn't care how small you are. If you make products from raw materials, you're required to track inventory. Here's what Publication 334 says — and the best way to keep track of inventory for your small business.
We ♥ to help makers just like you to become more successful. Please join our newsletter to receive regular updates and actionable tips on how to take your maker business to the next level!
We care about the protection of your data. Read our Privacy Policy.
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.
Sent weekly. Unsubscribe any time.
