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...Read More
Melinda asks: Q: So um… what’s the deal with sales tax? When my customer buys something from my SquareSpace website, are they paying taxes? What about wholesale orders? If I am creating invoices to stores who are buying wholesale from me within the same state as me (California), should I be charging them sales tax? Where...Read More
Part 3: Xerocon Mindful Take Aways Dandapani When I was a stubborn kid throwing tantrums, I received an enlightening little yellow book titled something with “Me” in it. While I don’t remember the name of the book, it taught me that I didn’t have to behave the way I wanted to respond. Even 30++ years later, I...Read More
Candace asks: Q: Does this inventory tracking/pricing workbook replace the other software based jewelry systems like benchworks, craftybase, jewelry manager, etc? Would I be able to add SKU numbers for my finished pieces and variations if I use different gemstones? I am looking for an easy to use and maintain inventory system. Currently, I am...Read More
Equity #2 Record a Business Expense paid using Personal Money in Xero Josh asks: Q: How do you input an Expense in Xero when buying something for the business, but don’t really expect the business to pay it back? A: For a business expense where you don’t expect to be paid back and you simply used...Read More
Manage your passwords in a convenient and secure way with LastPass. Stop wasting time writing, remembering and resetting your passwords. With LastPass, you only have to remember one master password. The rest are locked up and easy to find in the LastPass password manager. LastPass will autofill every password you save. It can save unlimited...Read More
Note: You have to require your store report which items sold; they don’t all willingly do this. If you have a store that doesn’t report what items have sold, then you can keep it as an invoice and simply receive payments to the invoice until it is paid off. For Consignment items, create a New...Read More
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...Read More
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