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The Paper Side of Craft Shows© Barbara Massie SALES RECEIPTS
When collecting sales tax, remember that it is in the total in your cash box. Take tax money out and put it into a separate place - this money belongs to the State in which you reside. If you keep it separate right from the time you collect it, it will still be there when you have to file your report and write the check. RECORDING SALES Many crafters do not like to keep records, but they are necessary
for the IRS. Read
Bookkeeping...Why Bother?
Since I had small items and large items, I used an inventory list to keep track of my sales. It is set up with columns with headings: List the items and number taken to the show and the price of each item. As a sale is made put hash marks for each item sold. At the end of the day multiply the price per item times the number of hash marks. Total the column at the far right to find the amount of cash taken in. With this method you know your total sales and can use the sheet to control inventory. Read Home Inventory Software to get an idea of what inventory aids are available. This is a suggested method and you have an idea for your own. Do remember that the cash is not all yours! Set aside the amount of sales tax collected and put into a separate account to be sent to the state collector of taxes. BAGS, PACKING MATERIALS Go To Page: 1 2
The copyright of the article The Paper Side of Craft Shows in Crafts is owned by Cheryl Lewis. Permission to republish The Paper Side of Craft Shows in print or online must be granted by the author in writing.
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