Inventory, cogs and stock tracking help for handmade sellers.
inventory management
A SKU is shorthand for Stock Keeping Unit. A sku is essentially a unique code, made from numbers and letters that is used to track your inventory.
Our new eBook is packed full of helpful, easy to understand advice on how to track and cost your handmade inventory.
As Craftybase is a perpetual inventory system, your material unit prices are continuously recalculated based on the purchases, manufactures and adjustments you make through the year. So how do we do this exactly? This post is the first in a series that aims to demystify some of the calculations we make in order to provide you with your inventory totals.
So what do you do if you find from one of your stocktakes that your actual count is different to the stock level being calculated in your inventory system?
The big end of year (EOY) inventory count fills most handmade sellers with dread and anxiety. As it can take weeks to account for every button, clasp and sq inch of fabric, for small self employed businesses this means effectively closing their business during stocktake time.
We show you how real time inventory can be a huge time saver and remove the need for end of year tallying headaches.
For COGS and Schedule C, it's really important to know the difference between a supply as they need to be handled differently from a cost and inventory perspective.
We show you why it's vital to track and report on your inventory - ESPECIALLY if you are a small handmade seller.
We show you the tips and tricks you need to create to keep track of your handmade inventory.
Creating handmade products inevitably leads to some percentage of wastage - learn how to best track these hidden costs within your business.
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