Guide to Bookkeeping, Accounting and Product Pricing
- Bookkeeping Basics (8)
- Breakeven Point Analysis (4)
- Depreciation (8)
- Financial Statements (7)
- Inventory Managment (6)
- Invoicing Customers (3)
- Job Costing (6)
- Preparing Payroll Checks (3)
- Setting a Price for Your Arts and Crafts (5)
- Using Accounting Software (11)
Using Gross Income and Expenses to Calculate Your Net Income
Find out how to use gross receipts and costs to figure net income. This article also discusses adjusting inventory cost for cost of goods sold expense and depreciating fixed assets.
Introduction to Quickly and Easily Organize Your Accounting Records
DIY instructions on how to organize your accounting records so you can figure out your net income and taxable income. This article discusses using an off-the-shelf accounting software program like QuickBooks or old-schooling it by using spreadsheets.
Organizing Fixed Assets and Entertainment Records
The third is an series with DIY instructions on how to organize your accounting records using a spreasheet, this article hones in on fixed assets, travel and meals and entertainment.
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.
How to Calculate Gross Income for Your Arts and Crafts Business
The fifth in the series of articles about organizing your accounting records starts wrapping it all up with a discussion about figuring gross income. You also find out about the difference between the cash and accrual methods for figuring gross income.
Basic Accounting Terms
Find out the difference between debits and credits and the different types of accounts they affect.
How to Calculate Gross Income for Your Arts and Crafts Business
The fifth in the series of articles about organizing your accounting records starts wrapping it all up with a discussion about figuring gross income. You also find out about the difference between the cash and accrual methods for figuring gross income.
How to Prepare a Handwritten Invoice
If your arts and crafts business is small or you sell just a few high-price items each month, you may feel it’s not worth the effort or expense to buy accounting software or spreadsheet software to prepare computerized invoices. In addition, if you are at a craft show or a similar type of venue, you probably won’t want to go through the hassle...
Taking Inventory and Figuring Cost of Goods Sold
When figuring out net and taxable income, you have to reduce your costs of goods sold for items still in inventory. This article discusses the different types of inventory and suggests ways to calculate your ending inventory.