• • • • 364 shares Bookkeeping! Every creative entrepreneur’s favorite topic. One of the first steps with setting up shop is to choose and set up a bookkeeping system for your business. It can be challenging to navigate the murky waters of options if you aren’t totally clear on what you should be looking for in a bookkeeping system. As a maker myself AND an accountant, an ideal bookkeeping set up for makers includes the following: • Easy to use (user-friendly and easy to set up) • Reliable (cloud-based) • Makes tax-time easier (keeps a running tab of net income so you know what to expect, and categorizes expenses in a tax-friendly way) • Includes inventory functionality (an often overlooked issue that makers need for tax time!) Of course, bookkeeping systems aren’t one-size-fits-all. Find Awesome Free Creative Photography Apps and Best Graphic Design Art LLC software downloads at CNET Download.com, the most comprehensive source for safe, trusted, and spyware-free downloads on. Apr 4, 2018 - 1. Autodesk SketchBook. Autodesk Sketchbook is probably the most realistic drawing app available for iPad users. The tool has a natural drawing feel with plenty of brushes and customization options, making it a top choice among illustrators. A lot depends on what type of products you sell and what your bookkeeping & tax needs are (whether you have employees, type of entity, etc.). As an Etsy shop owner, maker, and accountant, I recently tested out and compared three popular bookkeeping options, QuickBooks, GoDaddy, and Wave, plus I created a 4 th option, Paper + Spark. Below, I summarize the results of my testing in order to help you figure out which system best fits your personal biz needs. I’ve also for you to download. If you’re really curious, you can watch, during which I attempt to actually set up my Etsy shop in QuickBooks, GoDaddy, and a Paper+Spark spreadsheet and compare the resulting numbers. The results were interesting to say the least! QUICKBOOKS QB is basically the big mama when it comes to bookkeeping software. QB has a few options covering a span of capabilities and price ranges, from QuickBooks Online Simple Start ($10/mo) to QuickBooks Desktop Pro ($200-$300). There’s also the popular QB Self-Employed, which Etsy has recently endorsed. PROS • Nearly every accountant or tax preparer out there is familiar with QB, so there are lots of opportunities to get support, outsource, or hire someone to review your work in this system. • QB online & QB Self-Employed have lovely phone apps that make bookkeeping on the go simple and accessible (I mean, who doesn’t love to “bookkeep on the go”, right?!). • QB integrates with Etsy, PayPal, and most banks, which theoretically makes importing in your transactions each month an automated breeze (see for how fun that was). Creative Apps Best Apps For Designers And Creatives. Apps Reviews• QB offers tons of additional capabilities as your business grows – like payroll, Turbo Tax integration, bill pay, invoicing, 1099 creation, and more. These functionalities are great for bigger Etsy shops. Note that many of these functions are only available with the higher-price options. • QB will keep a running tab on your suggested estimated quarterly tax payment, which I find super handy. CONS • The most affordable versions of QB do not include inventory management. In fact, only the most expensive versions do. It’s particularly frustrating that QB Self-Employed, now recommended by Etsy, has no inventory capability, since this is something that most makers and artists specifically need for tax purposes. In order to deal with the inventory side of things, you need QB Online Plus (currently $50/mo), QB Desktop Pro ($200-$300), or you need to use an outside solution for inventory specifically.
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