Get your inventory organized - track your costs, set a profitable price point, and finally understand what you need for taxes If you're a physical product seller, you may be struggling with exactly HOW to handle tracking your goods. Not to mention all those raw materials and supplies (beads, fabric, shiny things, tiny things, #allthethings, oh my!). The process for entering raw materials & supplies, figuring out the cost of a handmade item, and setting a profitable price point for a maker can be time-consuming and stressful. And don't forget about doing that year-end inventory count for tax purposes! Knowing just how much your products cost you to create and how much you should sell them for are two huge MUST DO'S for any creative biz owner that's serious about building a profitable, sustainable business. That's exactly what the handmade seller inventory spreadsheet does for you - it takes the guesswork out of pricing your handmade goods and tracking your inventory numbers for tax time. What does the inventory for handmade sellers spreadsheet do? A lot! This powerful tool will assist you with the following business tasks when it comes to handling your supplies & finished goods: Keep you organized by logging your raw materials & supply expenses (and automatically calculating your cost per unit) Determine how much your finished goods cost you to create to ensure accurate pricing for profit Calculate your suggested overhead rate, an important {and often forgotten} component of your pricing formula Calculate a wholesale and retail price, based on a formula that you have the flexibility to adjust Keep track of finished goods available for sale and sold throughout the year Keep track of inventory taken out for personal use (an important number for tax time) Easily calculate the tax numbers you need for inventory (total purchases and ending inventory) Take the stress and overwhelm out of your year-end inventory count WHO IS THIS INVENTORY SPREADSHEET FOR? This particular spreadsheet is designed for handmade sellers, makers, and artists. It's specifically helpful for those that combine multiple raw materials & supplies together to create a new good. If you sell handmade goods alongside wholesale or retail items, this is also my recommended inventory tracker for you.
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