Easy Accounting Tips for Jewelry Designers and Makers

Does accounting and bookkeeping in your jewelry business want to make you cringe? I know the feeling! It used to make me totally cringe too but then I started to love to look at my numbers.

The time is now to gain more clarity on your accounting for your jewelry business. Today, I chat with Mariel Heart of Accounting for Jewelers. I always love hearing Mariel’s down to earth, simple advice.

easyaccounting

The coolest part about Mariel is that not only is she an accountant but she is also a jeweler and comes from a lineage of accountants and jewelry designers. Pretty cool, huh?

In this video you are going to learn:

  • Why you need to keep accurate records

  • Mariel’s top 2 picks for accounting software (I was surprised at her fave)

  • Tips for dealing with your books when you are overwhelmed

After you watch the video, answer these questions in the comments below:

1. Which accounting method or platform are you using now? How is it working for you?

2. What is your biggest struggle with keeping your books up to date?

Here are a few of the resources we mentioned in the Video:

XERO

Quickbooks Online

You can find Mariel at:

Accounting for Jewelers & The Heart Department

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6 Responses to Easy Accounting Tips for Jewelry Designers and Makers

  1. Aradia says:

    Right now I personally manage all of my accounting with spreadsheets in Google Drive and invoicing via Paypal (which is also how I process all of my payments.)

    I also have a twice a month business audit day where I check out all of my processes and paperwork and catch up on anything I might have missed, but I also have systems in place that manage paperwork as it comes in and needs to be updated!

    • Aradia thanks so much for sharing…start thinking about using a program where you can view balance sheets and P&L’s. very useful tools.

      • Aradia says:

        Definitely will – so far I have a spreadsheet that actually tracks P&L that gets updated every time I have an order (or place one myself for supplies, etc). But I do so love automation. I think at this point my business could be okay with Wave Accounting that Mariel mentioned at the end.

  2. Hello! I enjoyed the video! I run 3 Etsy shops with my husband. We have been using Godaddy bookkeeping, previously called “outright”. It automatically integrates with paypal, Etsy, ebay, bank accounts, credit cards, etc. I believe the basic account is still free. You can upgrade for a reasonable monthly price that gives you all kinds of extra helpful things when dealing with taxes. It has been a lifesaver for us during tax time! I just signed up for wave because it sounds similar and want to try it out. Thank you for the tips!

  3. Martha Keith says:

    Thanks for the great information! I’ve used QuickBooks Pro for 9 years and am JUST getting ready to switch to QB Online. I’ve been nervous about switching, so your recommendation of QB Online is timely! My biggest struggle with keeping my books up to date is making time for it. When I put it off, the catch up becomes overwhelming. Great advice to make an appointment with myself 15 minutes each day. Starting today. Thank you, Mariel and Tracy!

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