Accounting for Jewelers is celebrating its remarkable 10-year anniversary today. As we look back on a decade of accomplishments, growth, and partnership, it’s an opportune time to reflect on the incredible journey that has brought this company to where it stands today. From humble beginnings to becoming a trusted name in jewelry accounting, let’s delve...Read More
You’ve heard us talk about Shopify before, and it’s because we wholeheartedly believe in the software. We believe everyone needs an online platform, it’s not an option anymore, it’s a must. Using Shopify to Make a Beautiful Store Shopify is only e-commerce solution that we stand behind 100% because of it’s integration with Xero...Read More
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...Read More
If you don’t have a high interest savings account earning more than 1{f4f1c227a9297829d6c2f0b223ad0188fddc4ac1a871d87b426e6cec743bfd5b}, then you should open an account at Synchrony, Capital One 360 or another recommended by NerdWallet.Read More
You want to understand the financials of your jewelry business, but think it’s too complicated. You’re overwhelmed and don’t know where to start. You aren’t alone. Did you know the #1 pain of any business is doing their accounting? Many small businesses, especially artists, and specifically jewelers that are not business savvy, think by putting...Read More
Michelle Asks: Q. Do I have to offer the 2/10 Net 30 discount? Is it expected? And should I include penalties if paid after 30 days? I’d like to be paid a deposit with the balance paid within 30 days of product receipt.Read More
Why Accounting for Jewelers prefers Xero over any version of QuickBooks… For the first 17 years I did bookkeeping, I never loved the actual programs. I enjoyed the purpose of organization and reporting outcomes, but the process was a chore. Xero Accounting Software changed my world. It was the missing key that made everything understandable...Read More
Robin from Flourish and Thrive Academy asked us: Q: What Reports should be running each month? A: There are 3 main monthly reports you should review. We call these your key Management Reports. Action Step: Run the following Reports and analyze each line and how they relate to each other. Doing this regularly will help...Read More
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