The No Brainer Bookkeeping Solution for E commerce Sellers
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- čas přidán 28. 12. 2022
- In this video, I'm sharing the easiest bookkeeping solution for e-commerce sellers. Use these simple bookkeeping spreadsheets to do your shop books quickly & easily. Each accounting spreadsheet comes with step-by-step instructions for how to update your books each month.
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🎁 Sign up for a 10% off bookkeeping template coupon here: paper-spark.ck.page/9fced52654
⬇️ Get your bookkeeping templates from Paper + Spark:
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➡️ Additional Resources Mentioned:
When to Worry about Taxes as a Handmade Seller: paperandspark.com/tax-workshop/
The Ultimate Guide to Starting & Scaling a Handmade Shop: • The Ultimate Guide to ...
How Paper + Spark spreadsheets work: How a Paper + Spark spreadsheet works
Download a free step-by-step checklist of the financial & legal stuff you need to do to get set up properly: paperandspark.com/gltchecklis...
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👋 Hi! I'm Janet LeBlanc
I’m a Louisiana girl now living in South Carolina, a Certified Public Accountant, a serial-entrepreneur, and a mom of two. My passion is helping other creative women bring their entrepreneurial dreams to life with confidence. As an accountant and data nerd, I love creating tools + resources to help you achieve financial success in your biz and personal life.
Why should you listen to anything I have to say? Because I’ve been in your shoes! I started a handcrafted jewelry shop on Etsy back in 2011 as a side hustle from my accounting job. During my time in the handmade community, I heard a lot of the same frustrations and questions over and over. Concerns like, when am I supposed to register my shop? Do I have to charge sales tax to my customers? When do I claim this on my tax return? What sort of bookkeeping system am I supposed to use?!
In 2014, I finally united my love of handmade and accounting and founded Paper + Spark. In 2015, the first iteration of the Etsy Seller Spreadsheet debuted. This product completely changed the course of my entrepreneurial journey. Creating spreadsheets isn’t the sexiest or most glamorous product to design (although I like to think they’re pretty, for spreadsheets), but getting the chance to help creatives feel more confident about their money has been SO fulfilling and I am grateful to serve you today!
🌐 Visit Paper +: Spark to learn more:
paperandspark.com/
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#ecommercebusiness #creativebusinessowner #handmadebusiness #taxes #fileyourtaxes
Do you have a video that explains how to do a schedule c for multimember LLCs? My son and I have an LLC together for digital products. We obviously file taxes separately, but I can't figure out how to report it properly for both of us. Since we are a 50/50 partnership do we cut the #s in half?
Hi Melanie, usually a MM LLC is taxed as a partnership, which requires a totally separate tax return - Form 1065. These are due March 15th so I'd recommend reaching out to a tax pro ASAP.
Im creating a business on payhip selling digital products.will this work for me.
At what point (financial sales) must someone start tracking inventory, per tax code? (Not asking "when does someone need to pay taxes")
There is not a defined threshold for sales for when you should start tracking inventory. There are exceptions to tracking inventory for "small businesses" but then exceptions to those exceptions! Basically if not tracking your inventory doesn't clearly reflect your net income, then you should be tracking inventory. And by tracking inventory, I mean deducting your inventory in the year you actually sell it, vs the year you purchase it.
This is an amazing video!! I’m just starting an Etsy shop, and was thinking about doing a Red bubble shop. Can I use this Etsy spreadsheet template for Red Bubble too? ⭐️
Hi Alice, thank you! Yes the Seller Spreadsheets all have customizable space where you can manually enter in sales from other sources, so you'd be able to track your Red Bubble sales too.
@paperandspark
Okay, so just so I understand I can use this spreadsheet template for multiple Etsy shops as well as red bubble, eBay etc, whatever seller platform I choose to sell on?
Yes, the Etsy Seller Spreadsheet will import in your Etsy data but you can also manually track your sales & expenses from other sources on it. I also have import add ons that let you import in from additional sources, and there's one for eBay too.
@paperandspark Thank you so much! I’m a beginner at all of this. I’m using print-on-demand, so I don’t actually have any inventory, but it’s still overwhelming learning everything. I want to make sure I do everything right and by-the-books.
I plan on using payhip to create my website to sell digital products.Does your spreadsheet tools support this
I don't have anything that imports in directly from Payhip. I believe it connects to PayPal and Stripe though, so you could use the PayPal Seller Spreadsheet I have to import in your PayPal sales and then manually enter in your Stripe sales if needed. paperandspark.com/product/paypal-seller-spreadsheet/
@@paperandspark thank you
1. Where do you save files?
Like invoices...
2. and do you type in the data for each invoice..?
Save files on a safe accessible space like a cloud drive (icloud, google drive, etc.). With invoices, you can also file them away in your inbox to hold onto them. The Seller Spreadsheet imports in some of your data & requires manual entry for the rest.
very professional. Thanks @@paperandspark