Bookkeeping resources
Bookkeeping questions
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All bookkeeping questions
A searchable index of common bookkeeping questions from market vendors.
— questions
- Any tips for tracking what sells during the day?
- How do you account for unsold inventory in your books?
- If you give away some items or do freebies, how to record that?
- What’s your method for reconciling after a show?
- Do you keep a log of each fair’s performance?
- Do you calculate profit per event?
- How long do you keep financial records?
- When (if ever) should I consider hiring a bookkeeper or accountant?
- Do most of you do your own taxes or get an accountant?
- Are there any good apps for tracking expenses on the go?
- How do I track online vs. in-person sales together?
- Any recommendations for free or cheap bookkeeping solutions for a small craft biz?
- If someone helps at my booth, how do I account for paying them?
- How do you handle bookkeeping when sharing a booth or doing a collaborative sale?
- How do I categorize mixed expenses?
- What’s your bookkeeping routine around craft fairs?
- How do you manage finances if you have multiple product lines or revenue streams?
- If I take an order at a fair to deliver later, how do I record it?
- How do you handle bookkeeping at year-end?
- What reports or metrics do you regularly look at?
- How do you keep track of cash sales?
- How do you track your inventory across events and online?
- Do you keep business finances separate from personal?
- How do you organize your receipts and invoices?
- What categories do you use for expenses?
- How do you track travel and mileage expenses for craft fairs?
- How often do you update your books?
- How do you handle bookkeeping if you have a partner or helper sharing the booth?
- How do you record Square/PayPal fees in your books?
- What about sales tax collected – how do you record that?
- Do you use any inventory management tools or software?
- What info do you record for each transaction?
- Is there a simple template for craft business finances?
- Do you track which products are most profitable or just total sales?
- What software do you use to track sales and expenses?
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