As tax-time has quickly crept up on me I found myself buried
in a sea of invoices, receipts and bank statements, without a good system to
input them. I knew from last year this isn't something to get behind on yet
somehow I did. I was using excel when I started my business and it worked well in
the beginning. As sales increased I quickly outgrew it and desperately needed something
that would not only handle the revenue and expenses but that would also
invoice, keep track of inventory without me manually having to deduct it after
each order was completed AND something that would allow me to track my items so
I could remain complaint with the CPSC. I had been using an app that was great
for compliance but I had to duplicate too much of my information. Entering each
snap, bodysuit, shirt and piece of fabric I buy TWICE is just too time consuming
when you are trying to be a wife, mom to 3 and business owner with no employees.
I found Craftybase and it has been amazing! I was
overwhelmed at first because I had to go back and enter everything from the entire
year. It took me a couple times of getting on the program to figure out the
best way to do it. I sent numerous emails to one of the creators of Craftybase,
Nicole, and she was always very helpful and friendly. Don't hesitate to use the
support form within the program to ask any question you have, she is great!
I wanted to walk you through the process that I use to maybe
help make the learning curve for others a little easier. They offer a free
14-day trial so I strongly recommend signing up for it so you can walk through
it while reading this. I started by clicking on the contact tab and entering
the stores/ suppliers I use most often as vendors. To do this you just select
"add contact", select vendor from the drop-down category menu and
enter as much or as little information as you want about each one. Next, I went
to the expenses tab and selected "add expense". Here you will enter
the vendor and date and then click "add expense item" and a new
window pops up. When you go to fill in the "material" field you will
click "add new material" and another window will pop up. Now stay with
me here!! I promise once you do this a couple times it goes really fast and it
will make organizing all your necessary information fabulous! In this new
window you will enter the code (I use the UPC from my receipt), category (which
you can create; mine are fabric, KAMsnaps, kids blanks, adult blanks and office
supplies), quantity, and then make sure the "consumable" box is checked.
Now you can click "save material" and it will allow you to enter your
inventory information (amount paid etc) so Craftybase can keep inventory for
you as the items are used. You will continue entering all of your fabric etc as
"expense items" and then you can enter discounts from coupons, tax
paid and shipping if any of those apply. I had to go back and do this with all
my receipts for my fabric as well as the blanks I use. You will want to enter
all your expenses this way but if they are office supplies/ items that you
don't take inventory on, make sure to uncheck the "consumable" box. Next
you want to go to your projects tab and enter the item you are making or have
already made. Click "add project" and fill out all the information
about your item. Save it and then click "create recipe". From here
you can add whatever materials are part of the item (snaps, elastic, fabric etc)
by clicking "add material". Keep in mind all of this is building the
bones of your information so you won't have to do this all the time. You can
add variations of the item so say you are making a shirt that comes in 5 sizes
and 2 colors you can add that variation to it and you are done, no need to
recreate it again!! It will calculate what you should be charging as well which
is a bonus. Now when someone buys an item from you, go into your order tab and
add the item, taxes, shipping and any other information you want to include.
Since I make children's items I use my DOM/ batch# as the order code. I was
using a wonderful app for tracking my items for compliance and it worked really
well. However, I found I had to duplicate information in order to track
expenses, inventory and my items for compliance. It was taking up too much time
for me with the number of items I use in production so I have switched to using
Craftybase. If I need to go back and find an item they are all under my orders
and when I need to get information to fill out my taxes they are all listed without
even having to do any sorting of a spread sheet!
an example of expenses sorted out in categories |
DISCLAMIER: I am in no way affiliated with Craftybase, I am
just a happy customer and work-at-home-mama that wants to help others out by
making managing this part of your business easier. When you use my referral code (f4940363) or referral link, it does give both
you and me 10% off our monthly fees so make sure to use it or someone else's that you know and get the discount!
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