First time poster here. I have a question that, for some reason, has stumped me - maybe my mind has just gone blank.
Here is the thing. Soon I will be making homemade greetings cards. The ongoing costs to make them will be buying the card, the printer ink, envelopes, polybags, etc. Now, when I purchase these things I have to enter them into my book-keeping software (KashFlow), BUT, under what category do I put these things? Do they go down as 'stock'? Or does only the final finished greeting card product get classed as stock?
Bookkeeping for crafting businesses is one of my interests as I run a craft business as well alongside my bookkeeping business.
Materials bought to create your cards need to go under 'Cost of Goods Sold' so the card, envelopes and the polybags.
Personally I would put your printer ink down as a separate expense, I don't use Kashflow so don't know what catergories it has. The reason being the chances are you'll be using that ink for more than printing your cards like invoices and other business stationery that isn't your direct product.
Others on here may have other thoughts on this, things are not always black and white.
