Accounting

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

bookkeeping tax

bookkeeping tax

FIFO, LIFO or Average Cost: Which Inventory Valuation Method is Best for Small Manufacturers?

We discuss the advantages and disadvantages of each inventory valuation method, showing you the best one to use for your manufacturing business situation.

· 11 min read
bookkeeping tax

bookkeeping tax

What's the difference between direct and indirect expenses for a handmade business?

We show you why it's important to know the difference between your indirect and direct expenses when running a craft business.

· 2 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
How to keep good records for your Craft Business

handmade success

How to keep good records for your Craft Business

We cover the need-to-knows of getting started with record keeping for your craft business.

· 6 min read

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