We cover bookkeeping, tax and accounting issues for makers.
bookkeeping tax
Shopify's 'cost per item' field doesn't work for handmade sellers. Here's how to calculate and track COGS accurately when you make what you sell.
Fallen behind on your handmade business bookkeeping? Here's exactly how to catch up, including the inventory step most guides forget to mention.
The best bank account for your Etsy business isn't just good bookkeeping — it's the only way to know what your products actually cost you. Here's what to look for, and which accounts work best for makers.
Not all business expenses work the same way at tax time. Here's exactly how to tell your direct costs apart from your indirect costs — and why getting it right matters more than you might think.
Most budget templates aren't built for makers. Here's how to create a business budget that actually works for a handmade business — starting with your materials costs, not a revenue guess.
Struggling with downloading the sales tax data you need from Etsy? We show you step by step how to access this important data for your handmade business.
We walk you through how to get the sales and order data you need from Etsy's reporting and downloading options — updated for the current Etsy Shop Manager interface.
Shopify's built-in cost field won't give you accurate COGS if you make your own products. Here's how to actually track cost of goods sold as a maker using Shopify.
Etsy doesn't show you your real COGS. Here's how to calculate cost of goods sold as an Etsy seller — materials, labour, overhead — and why it matters more than your revenue.
Weighted average costing is IRS-approved, GAAP-compliant, and the right choice for small-batch makers with fluctuating material costs. Here's why — and how Craftybase automates it.
Selling on Etsy, Shopify, or both? Your COGS doesn't care which platform the order came from — but your tracking system needs to. Here's how to get one consolidated number.
Schedule C Part III is the section that trips up most handmade sellers at tax time. Here's what COGS actually means for makers, what to include, and how to fill it out correctly.
Learn how to calculate Cost of Goods Sold for your handmade business. Covers the COGS formula, materials, labour, overhead, weighted average costing, pricing, and Schedule C reporting.
Not sure which NAICS code to use for your woodworking business? We break down the main codes for furniture makers, wood crafters, and home décor sellers — and explain why getting the right code matters at tax time.
Not sure which NAICS code applies to your soap making business? We break down the main codes for handmade soap makers — whether you make cold-process bars, cosmetic products, or sell wholesale to boutiques.
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Because they don't know what their products actually cost to make.
Every week, one practical tip on pricing, materials, and COGS — the numbers that turn a busy craft business into a profitable one.
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