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1 contribution to Jeannie Guzman's Clear Numbers
Advice for handmade business owners
What kind of bookkeeping advice do you have for handmade business owners (knitters/crocheters) who are buying materials + keeping in stock and have finished items?
0 likes • Jan 24
@Jeannie Guzman My CPA says I need to track materials + finished items inventory - because well, it's money sitting on the shelf (so to speak). She also said something about some sort of "matching principal" and not recording cost to make until the item is sold???? Above my brain capacity!
0 likes • Jan 25
@Jeannie Guzman Just a resource (hopefully in simple English that doesn't make my eyes glaze over) would be fine. I don't know if I really "need" you to go to the bother of setting up a spreadsheet.
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Nancy Hoffman
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5points to level up
@nancy-hoffman-7337
Career bookkeeper (30+ years). Retiring software developer. Handmade business owner and handmade business bookkeeping coach.

Active 2h ago
Joined Jan 23, 2026