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

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

Do you use QuickBooks Online? Do you wonder what in the world to do? Where to start, what steps to take and what process to do? You’re not alone; it’s not intuitive or self explanatory at all. I feel your pain. How to record a deposit with Credit Card fees in QB Online I’ve created...Read More

True or False: 1. It is a fact of running a business that you will use your personal funds for business expenses. 2. It is a fact of running a business that you will use funds from your business for personal expenses. If you said the first statement is true and the 2nd is false,...Read More

Tomorrow (Thursday, September 18th), I will be on the first live call for jewelers and crafters who want to understand their accounting and be in control of their business. You can’t be in control if you don’t understand the numbers. Registration for this call comes with an Annual Membership to Accountability with an Accountant, the private Google+...Read More

How have your sales been so far this year? Are you needing a pick me up, or even a kick in the a$$? Well, apparently you have brilliant little angels shining over you! If you’re wondering how jewelers get ready for the holiday selling season Sept-Dec, then I have your answer. How Jewelers Get Ready...Read More

Quickbooks Training for Jewelers and Jewelry Designers Online Course If you are debating whether to use QuickBooks or already use it, but are frustrated or overwhelmed with it, then join me over at Flourish & Thrive Academy! I’m doing a training course for them that is a do-not-miss situation. In this exclusive presentation, I’ll be...Read More