My goal is to develop several different business tools to assist makers and woodworkers with the back-office functions involved with running a legitimate business. I want to make these tools easy to use, not overly complicated, and highly effective. Please let me know what you like or dislike about the tools offered and what additional tools you would like to see offered in the future.
Disclosure: as a CPA myself, these offerings are not intended to offer financial, accounting, or tax advice
The first tool I’ve created is the Revenue and Expense Tracking for Makers spreadsheet. This tool is highly effective at providing a user-friendly format to track all of the transactions of your business. Whether your revenue comes from Google Adsense, Amazon Affiliate links, YouTube, product sales, appearance fees, or any combination of these sources, you’ll find this tool useful in simplifying your back-office routine to allow more time to make awesome things!
I personally use this tool to track all of my business transactions. I do not use Quickbooks or any other expensive and complicated accounting software. This tool is set-up to track your revenue and expenses and report on a cash-basis. This makes it very easy come tax time! I simply use this sheet to input into my tax returns, that’s it! If you do not prepare your own taxes, your CPA will greatly appreciate you handing over the data in this format and will probably reduce your fees if you ask!