Irs-guidelines

Inventory, manufacturing process, business success topics for small DTC manufacturers.

FIFO vs LIFO vs Weighted Average Cost — Which Method Should Handmade Sellers Use?

bookkeeping tax

FIFO vs LIFO vs Weighted Average Cost — Which Method Should Handmade Sellers Use?

Not sure whether to use FIFO, LIFO, or weighted average cost for your handmade business? Here's what each method means in practice — with real maker examples — and which one Craftybase uses automatically.

· 14 min read
Inventory Requirements for Small Business: What the IRS Says and How to Track It

inventory management

Inventory Requirements for Small Business: What the IRS Says and How to Track It

The IRS doesn't care how small you are. If you make products from raw materials, you're required to track inventory. Here's what Publication 334 says — and the best way to keep track of inventory for your small business.

· 9 min read

Sign up for our newsletter

We ♥ to help makers just like you to become more successful. Please join our newsletter to receive regular updates and actionable tips on how to take your maker business to the next level!

    We care about the protection of your data. Read our Privacy Policy.

    Grow your maker business!

    We ❤️ helping small-batch makers like you become more successful.

    Join our newsletter to receive regular updates and actionable tips on how to take your business to the next level!

    * We hate spam as much as you do!