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You Know You’re a Jeweler When…
20 Ways You Know You’re a Jeweler You want tools. Lots of them. Everywhere. You like how polishing gives a nice luster to only two or three of your fingernails. Don’t they look nice? You know the difference between soldering and fusing. You use pickle, and not for cucumbers. You have an uncanny tolerance to touching…
How a Net Profit exists with Debt
Q: How can I show a Net Profit and owe on Credit Cards (and / or Loans)? I had to pay tax on my Net Profit, but I don’t even have that cash in the bank to pay off debt. A: Explanation of how you can show a Net Profit, while having debt: Taxes don’t…
How to Handle Use Tax in Xero
The best way to record Use Tax in Xero is to create a Sales Tax Rate with 0{f4f1c227a9297829d6c2f0b223ad0188fddc4ac1a871d87b426e6cec743bfd5b} rate. Apply this Use Tax Rate to transactions where you are owe Use Tax. In Xero the Sales Tax Rates are allocated to the Sales Tax Payable (aka Sales Tax Collected) Liability account. If you created a…
30 Day Jewelry Making Challenge
The Summer 30 Day Jewelry Making Challenge is here! Do you make jewelry? Do you also run a business? If so, you might be like me. I find it difficult to manage my time when I have so many other things to do than to sit at the bench –even if that is the thing…
PayPal removes fee refunds
PayPal: effective as of October 11, 2019, will not charge a fee to process refunds, but the fees from the original transaction will not be returned. Want to know more? Does not apply to Voids Speak up in the PayPal community All about PayPal refunds
