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

Welcome to the first edition of Friday Q&A! Alexia asks: Q: I’d like to get a better understanding about the Equity numbers on the balance sheet. What is the Equity section on the Balance Sheet? A: The Equity shows the flow of money in and out of the business, including from the owner(s). Owner’s Equity...Read More

Have you ever had this thought? “I wish someone would teach me everything I need to know about starting and running a jewelry design business so I can be creative and focus on the big picture.” Let me introduce you to the step-by-step business “HOW TO” for jewelry designers. If you are a metalsmith or designer...Read More

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,...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

A4J Quick Tip to Understand Sales and Use Tax: Sales and Use Tax are different perspectives of the same thing. A seller collects and remits Sales Tax to their tax authority, while a buyer who wasn’t charged sales tax owes Use Tax. You are the buyer when you buy things for your business that are...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

WJA Jewelry Night Out 2015 Takes Place on September 10, 2015 in 20 Cities The 3rd annual event offers a membership discount for new and renewing members. WJA Press Release, New York, NY – The Women’s Jewelry Association (WJA) will host its third annual WJA Jewelry Night Out (JNO) on Thursday Sept. 10, 2015. The...Read More

Have you heard yourself sigh in overwhelm and say, “Inventory Management Has Me So Confused?!” Now is the time to learn how to properly track and price jewelry inventory. Get the excel workbook! You understand the concept of entering raw materials (gems, beads, chain, clasps, sheet metal) into inventory when you purchase them and entering the...Read More