Keeping the books

Whew!  All of the transactional data has been downloaded, edited and categorized in my accounting program.  Wasn’t quite as bad as I’d thought it would be.  Now, I have to tackle the pile of receipts (some expenses were paid via cash or other means) and get all that entered.  Tomorrow maybe.  I’m stitching the rest of this evening!

What to do about the business bookkeeping has truly baffled me.  I really didn’t want a manual system, but many of the programs out there like Quick Books really are a bit overkill for what I need at this point in my business.  I was also trying to be frugal and DIY for little or no cost.  Oh, and I also need to tell you that I have a Mac computer, plus I will file my business taxes on a Schedule C with my personal tax return.

I tried three different trial versions of accounting software for Mac computers.   I chose Outright simply for ease of use and the fact it is a cloud based system accessible from anywhere.  Account Edge ran a close second and at $99 may prove to be a better value over time…but it is a little clunkier to use.  One thing I definitely do like about A.E. is the ability to generate invoices – something you can’t do on Outright unless you use a plug-in like Fresh Books or Harvest.  Those plug-ins add to the monthly cost. So for those few times when I NEED a professional invoice, I’ll simply use Excel to generate the invoice.  Besides, I already own that software program!

Online accounting software isn’t necessarily free.  I am willing to part with $10/month for Outright to save time and my sanity.  I’d much rather be making products, designing lesson plans or uploading new merchandise to my store – not keying in financial transactions.

Should we stay or should we go?

A couple of posts back, I mentioned we were thinking about selling our house and moving closer in to Atlanta.  Hubs works in Vinings and I work in Kennesaw.  Our house is in far, far, far West Cobb.  The commute to work for me is quite reasonable, but not so much for him.  It takes him an hour on surface streets at 6:00 in the morning.  You can imagine what it’s like during rush hour.  

Anyhow, we met with a realtor this week.  The initial walk-through of our property was reassuring.  We should realize the amount we were looking for out of the house after closing.  Today, we looked at a couple of houses in “Sminings” to get an idea of available homes at different price points.  I think we’ve sufficiently narrowed the area down and will probably be watching the real estate listings quite closely over the next few weeks.  

Meanwhile, THE deciding factor of whether or not to list our house will be the results of a professional appraisal on our home.  This will be done next week.  Hubs and I both agree that we’ll improve our existing home and he’ll shut up and drive rather than give the house away or rent it out.

Stay tuned.

Defining success

What does success look like to you?

A big house in the trendy neighborhood with a late model luxury car in the driveway…

OR

a job that pays enough so you can keep the roof over your head, lights on and food on the table…

OR

simply that you made it through the day without wringing someone’s neck?

Last week, I have to admit the last option was quite fitting.  This week was much more productive in that I got some sewing accomplished, collected payment on a completed project and had time to actually work on my business for a change.  The last of the pieces of the puzzle fell into place today.  My business is truly legit, regardless of which direction I go – sewing instruction, custom sewing or selling handmade items. I now have my sales tax number and was granted a wholesale account by a supplier.  I didn’t necessarily have to have a sales tax number for sewing classes, but it will be nice to have as I expand to selling small handmade items or vintage notions on Etsy.

For me, success at this juncture is simply that I’ve actually made a wee bit of money providing a service I truly enjoy providing.  I actually enjoy all facets of my business – teaching, custom sewing and selling my handmade wares.  In my mind, I will be truly successful when I am self-employed and making more than I do in my current day job.

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