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Q & A : Shopify and Xero
Brandy asks: Q: I am in the process of setting up our Shopify POS. I’ve had two sales on it. Is there anything I need to do to document these sales or are they all going to be registered on Shopify? Can I run reports for retail/shop sales in Xero or do I need to…
Our Favorite Accounting Tool: Xero
Why Accounting for Jewelers prefers Xero over any version of QuickBooks… For the first 17 years I did bookkeeping, I never loved the actual programs. I enjoyed the purpose of organization and reporting outcomes, but the process was a chore. Xero Accounting Software changed my world. It was the missing key that made everything understandable…
Q&A What reports should I run each month?
Robin from Flourish and Thrive Academy asked us: Q: What Reports should be running each month? A: There are 3 main monthly reports you should review. We call these your key Management Reports. Action Step: Run the following Reports and analyze each line and how they relate to each other. Doing this regularly will help…
Q & A : Sales Commissions
Brandy asks: Q: I did a couple of shows where I paid a commission to the store. Not sure how to log these. I paid commission in cash on one and the other one took it out of sales. How to Record Sales Commissions in Xero A: Usually, this “commission” is considered the discount from…
MileIQ
If you’re doing your taxes and not enjoying your current mileage tracking method or worse yet, having to create a historical log from last year, then we have a solution. Use our partner link to get 20% off MileIQ: https://www.mileiq.com/invite/GELQD MileIQ is MY FAVORITE mileage tracking app for ease of use. This is how simple it…
How to use IG’s new algorithm to your advantage
I know you’re working hard to get the word out about your business. I wanted to share with you a resource that I’ve witnessed catapult brands (and many jewelry brands just like yours!). For those that want to start using Instagram more strategically, check out this online Instagram class called the 21-Day Instacourse. My friend,…
