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

As your bookkeeper, we are constantly asked about hiring help and when does a worker qualify as an independent contractor vs employee. The below lists are the best checklists I have found to help you easily decide and see the difference of how a worker works for you. This way you can understand when hourly...Read More

Sara asks: Q: With the new year comes new tax rates for my county, which affects a couple of the tax rates I have set up in Xero. Should I just go into the existing rates and update them? If I do that, will all the past transactions that used that rate be affected? Let’s...Read More

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...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

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