Showing posts from June 25, 2012

How to keep records of your supply inventory

It is very important to keep accurate records of what you buy and use in your business; not only for tax purposes, but also in order to know what your items cost to make. It is also a good way to keep track of merchandisers that you order from, and ones that you will want to re-order from.

I use a 3 ring binder with divider pages with tabs.
Where to find:
garage sales, thrift shops, old ones you may have used in school and are still in good condition, your children's old ones, or if all else fails, go purchase some at a discount shop or office supply store

I keep a copy of every invoice that I get. Then I make sections in the binder, and title them accordingly by the company's/vendor name, alphabetically. All invoices get filed into their respective sections.

Two special sections that I use are titled "bead shows" and "misc. sellers".
At bead shows you may not get a formal invoice. You may only recieve a sales slip. I always ask for a receipt and get a…