Do you count your time in your bookkeeping anywhere?
Most vendors don’t record their time as an expense, but tracking it can be useful.
Most small craft vendors do not record their own time as a bookkeeping expense.
If you own the business and don’t pay yourself a formal wage, your time is compensated through profit—not as a line-item cost.
When tracking time is still useful
Even though it doesn’t appear in your books, tracking time can help you:
- Evaluate profit per hour
- Compare events realistically
- Decide whether pricing is sustainable
Some vendors keep a simple log of hours spent preparing, selling, and traveling to events.
Optional internal analysis
For personal analysis only, some vendors assign an estimated hourly value to their time. This generally isn’t included in official financial records, but it can help guide decisions.
Bottom line
Your time usually isn’t a bookkeeping expense—but it is a business input. Track it for insight, not accounting.
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