One of the hardest things to keep track of when running your business is the overall costs for creating and selling your products.
Whether you run an Etsy store, Facebook sales, WooCommerce, Squarespace or Shopify site you need to keep laser focussed on manufacturing costs as well as sales and related fees.
Craftybase is a tool that can help you manage all of your costs complete with reporting tools and year end tax reporting.
The most interesting and difficult to keep track of costs are the COGS (Costs of Good Sold). This is made up of your labor, inventory material costs such as how much vinyl, paper, glue, glitter, etc. it takes to construct your product through to the costs to sell, process payment and ship your finalized orders.
This is the biggest area where profits get eaten away unless the costs are tracked and controlled!
Craftybase will import your sales and fees from most major eCommerce sites:
It has solid reporting features to monitor your profitability as well as handle your Schedule C reporting.
Craftybase is a monthly subscription service with different plans to cater for how small or large your business is – see plan info via this link.
Craftybase has a 14 day free trial which you can access here.
If you are interested in using Craftybase we have a special offer code CACB20 for you which will give you 20% off your first 6 months subscription!
Craftybase also allows you, once subscribed, to use a referral code to pass to your friends and likeminded crafters. For each successful referral you will get a lifetime 10% discount off your own subscription. Sell 10 times and your own subscription costs are taken care of!
Paper + Spark offer spreadsheets to cover all aspects of your business financials and inventory management. They are essentially your spreadsheet assistants that will help you run your business. Whether you sell on Etsy or Amazon or use payment services from Square or Paypal you can import, manage and analyze your business using these simple tools. They work with Excel, Numbers and with Google Docs so you can run them on the platform of your choice.
With your accounting and inventory taken care of, you can rest easy at Tax time and manage your stock, materials and costs efficiently and effectively!