Biz ladies: bookkeeping 101. Today’s Biz Ladies post comes to us from Design*Sponge’s very own bookkeeper, Mandy Miller.
With more than 10 years of financial experience, Mandy has assisted businesses in establishing budgets and maintaining financial accounts. Today, she offers some of her extensive knowledge on the subject with a comprehensive guide to managing your business finances. Thank you, Mandy, for this incredibly helpful guide! — Stephanie Read the full post after the jump . . . Managing Your Product Inventory. After 5 years of selling, I’ve finally perfected my inventory management in way that works extremely well for me and I’d like to share it with you today.
The key to my inventory management is a spreadsheet that I’ve created to track all the pieces I have available for sale as well as the items I’ve sold. It’s the lifeline of my business! Typically, these are the steps I take every time I produce a new product: Photograph the product and upload the image(s) to my computer.Create a product tag and affix a small, multi-use label with a unique ID (ie: CRD123, CRD124) and price of the product. Post the product on my Meylah Storefront (and now with Meylah’s auto-post feature, I don’t have to worry about manually updating my Facebook Fan page and my Twitter because it does it for me).Upload at least one image of the new product to my Flickr Photostream.Update my inventory spreadsheet to reflect the new product available for sale. Main image courtesy of: Andy Ciordia.
How to organize your office space. FollowPics How to organize your office space Source: this image Tags: cleaning & organizing, Get Organized, Home, Misc Ideas, organization, Organization ideas, organize, Organizing and Storage, Organizing!
Resuming Activities and Exercise After Heart Surgery: A Patient's Guide to Heart Surgery. A Patient's Guide to Heart Surgery Resuming Activities and Exercise After Heart Surgery Lifting and Reaching If your surgery required an incision on your sternum (breastbone), it will take about 6-8 weeks for your sternum to heal.
During this time, you may do light household chores, such as laundry, shopping, cooking, light gardening, dusting, and washing dishes when you feel up to it. Do not lift, push or pull objects heavier than 5 pounds until your doctor says it is okay to do so. Try not to stand in one place for longer than 15 minutes.
Physical Activities. Operating-a-retail-store-1224059203103940-8-slideshare. Publication 587 (2012), Business Use of Your Home. Top 7 Tax Deductions for the Self-Employed. These days, more professionals are shifting from the role of full-time employee to freelancer, a movement that some refer to as a gig economy.
If you have freelance income to report by U.S. tax day (Apr. 17), your taxes will be more involved than your colleagues', who only have W-2 forms. Whether this is your first year self-employed, or you’re an experienced entrepreneur, freelancing comes with a whole new set of tax issues. 100_Ideas. The Urge to Purge: Developing a Record Retention Schedule. Filing systems often get neglected until they outgrow their space.
Papers accumulate in existing files, and new ones are added until suddenly there simply is no room for more. Then, a frantic purge is needed, or more filing space must be added. Both of these undesirable remedies can be avoided by developing a systematic process for removing unneeded records from the filing system – a retention schedule. The Urge To Purge A retention schedule is simply a documented plan that defines when keeping certain records is no longer needed. Even within a business, some records must be retained longer than others. Before throwing out important records, spend time looking at the different types of records you keep. Document Migration Active files need to be readily accessible while their contents are needed for current business activity. Keeping Up With Recordkeeping Practices A retention schedule is only as good as its managers.
How to Set Up an Effective Filing System. How’s your filing system?
Frustrating? Do you find that it’s too hard to remember where things go? Do you ever have trouble finding a specific document again once you’ve stashed it away? You may even have three or four files that contain the same information but are labeled differently – what a mess! Fixing The Problem. Peggy_Duncan_COPE_WorkPak_Instructions_for_File_20Index. Company Activities & Management > Company Structures & Ownership from AllBusiness. It's a well-known fact that America's small business owners are movers and shakers.
They come up with innovative products and services; they employ about 50 percent of all private sector workers; and they persist even during tough economic times. But what might not be such a well-known fact is that most of them do all of this without even leaving their homes. How to Understand a Company’s Profits and Losses from Its Income Statement. The income statement (also known as the profit-and-loss or P&L statement) details all of the company’s revenues and expenses — how much the company receives in sales and how much the company spends to make those sales.
After all the additions and subtractions, the final tally tells you whether the company earned a profit or suffered a loss and how much. The income statement contains the fundamental equation for every business: Sales – Expenses = Net Income A positive net income indicates the company is profitable. Zero means it broke even. Revenues: Total dollar amount brought in from sales. Any time you see a number in parentheses, it means that’s a negative number, or outflow of money. Income statements compare the most recent quarter to the same quarter a year earlier.
Strtchek.sflb. Why Business Owners Need to Keep Thorough Records. No one likes to pay more in income tax than they have to, but it happens all the time thanks to inadequate record keeping. If a business owner doesn’t understand the accounting process and the basic skeleton of a good set of books, costly errors can go undetected. Free Excel Spread Sheets.
Retail Store Operations - Procedures - Policies - Day-to-Day Internal Control. Store operation resources, daily procedures, creating internal controls and systems, establishing retailing functions and other day-to-day retail store operations.
Retail Store Atmosphere: What turns You Off In Certain Stores? We all have our own little pet peeves and what may turn off one customer may not bother another. Retail Store Operations - Procedures - Policies - Day-to-Day Internal Control. List of Expense Categories for Small Business. Fax machines and office equipment are included in small business expenses. (Photo: Christopher Robbins/Photodisc/Getty Images) Whether your business offers a service or products, there is another set of unique items needed to serve customers efficiently and effectively. Some general items include computers, printers, fax machines, pens, pencils, folders and binders. 8 Things Really Successful People Do. Most people claim to want success. But not everyone is willing to do the hard work and the smart work to get there. Often opportunities present themselves and because people are distracted, they miss them or give up on them before things fully develop.
Truly successful people don't leave much to chance. They are disciplined and focused. They constantly seek new methods to achieve more, in bigger and faster ways. 1. How to Start a Jewelry Making Business. How Do I Run a Home Jewelry Business? If you're crafty and creative, have an eye for trends in fashion accessories or are ready to start trends of your own, consider starting a home jewelry business. Entrepreneur, an online resource for business owners, notes that start-up costs for a jewelry business can range from $2,000 to $10,000. But if you operate from home, you can save money by avoiding the costs associated with store rent and utilities.
Step 1 Check Harris County's assumed names database to ensure that the business name you want to use is available. Apply for a business name at the Harris County Clerk's Office in Houston, Texas, or download the application from the clerk's website, and submit a notarized copy to the clerk. Step 2 Set up a distraction-free home office, complete with a computer, Internet and phone access, a desk, chair, storage bins and containers, supplies and tools for making your pieces, as well as a large work area in which you can create your jewelry.
Step 3 Step 4 Step 5. Starting a Home Based Jewelry Business on a Shoestring Budget. One of the most promoted home based businesses is a home based jewelry business. While most of the adds that you see that claim you can make big money by making jewelry at home tend to be scams, if you start your own at home jewelry business you can make a great income. However, it is going to take planning, a novel idea and plenty of marketing. Permit and Licenses Fees. DRS: Starting a New Business. Writing a Jewelry Business Plan. Imagine going on a vacation to the Galapagos Islands without first planning how you would get there, where you would sleep, what kind of food you might eat, and activities you might do.