Guide to Bookkeeping, Accounting and Product Pricing
Information and resources covering accounting and bookkeeping topics for your arts and crafts business.
How to Calculate Schedule C Gross Income
If you operate as a sole proprietorship, report your arts and crafts gross income in Part 1 of the Schedule C. Find out how to calculate it and fill in that part of the Schedule C.
If you operate as a sole proprietorship, report your arts and crafts gross income in Part 1 of the Schedule C. Find out how to calculate it and fill in that part of the Schedule C.
Using the Microsoft Office Accounting Professional 2009 Kit Feature
Microsoft Office Accounting Professional 2009's kit feature expedites item entry when you create invoices. Kits can include all cost of goods sold service, inventory, or non-inventory items for sale by your company.
Microsoft Office Accounting Professional 2009's kit feature expedites item entry when you create invoices. Kits can include all cost of goods sold service, inventory, or non-inventory items for sale by your company.
Depreciation 101
Long-lived arts / crafts equipment is subject to depreciation. Depreciation spreads the cost of arts / crafts assets over their useful life. Find out the rudimentary facts of depreciating assets.
Long-lived arts / crafts equipment is subject to depreciation. Depreciation spreads the cost of arts / crafts assets over their useful life. Find out the rudimentary facts of depreciating assets.
Arts / Crafts Purchases - Inventory or Expense?
If you produce a product, you will normally have both a cost of goods sold and inventory. Find out how to differentiate between the two.
If you produce a product, you will normally have both a cost of goods sold and inventory. Find out how to differentiate between the two.
How to Successfully Price Your Crafts
Your objective is to price your crafts so that you make a reasonable profit while not pricing yourself out of the market. It can be an art. Find out how variable and fixed costs plus perceived value factor into the equation.
Your objective is to price your crafts so that you make a reasonable profit while not pricing yourself out of the market. It can be an art. Find out how variable and fixed costs plus perceived value factor into the equation.
Retail Pricing Strategies
A quick tutorial in pricing basics applicable to craft type businesses. Topics discussed are keystoning, mark-up pricing and psychological pricing.
A quick tutorial in pricing basics applicable to craft type businesses. Topics discussed are keystoning, mark-up pricing and psychological pricing.
Discounting Prices: How Low is Too Low?
Discounts on your products can be a good way to increase sales. Sales can sometimes hurt your bottom line. Relevant information about discounting versus standing firm on your pricing.
Discounts on your products can be a good way to increase sales. Sales can sometimes hurt your bottom line. Relevant information about discounting versus standing firm on your pricing.
How To Price Your Crafts to Make a Profit
Deciding how much to charge for your crafts is an important decision. Here's a tutorial on how to do it.
Deciding how much to charge for your crafts is an important decision. Here's a tutorial on how to do it.
Basic Accounting Terms
Find out the difference between debits and credits and the different types of accounts they affect.
Find out the difference between debits and credits and the different types of accounts they affect.