Inventory, bookkeeping and business success topics for makers.
Today we released a major update to the way we calculate and attribute manufacture costs to orders. This change means that we can now calculate your Cost of Goods Sold (otherwise known simply as “COGS”) and for US Tax payers, we can now provide detailed tallies suitable for use on your Schedule C.
For handmade sellers needing to complete a Schedule C or register for sales tax, choosing a code for your Principal Business or Professional Activity (NAICS) can be confusing! We outline some of the most common codes for your craft.
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