popupbooksAs a small business owner we must know something about every aspect of business. Learning curves vary from each task needed to succeed. From marketing to sales and accounting, every task must be accomplished by each business owner to ensure success of their business. Some tasks can be hired out based on your needs and some may be learned.
How can Quickbooks Self Employed help you with your Lularoe Bookkeeping and Tax Preparation needs?
This simple, user friendly, cost effective software designed for the self employed person on the go. Access via online (anywhere you are), information saved through a secure user name and password, and apps installed on all your devices this allows you to maintain your bookkeeping when you want to, where you want to. Mileage tracking is an added bonus and this software updates automatically with the ever changing tax front both federal and state, for some local too. Please note Quickbooks Self Employed is one sided accounting and simplified to create a profit and loss statement however it is lacking in creating a cost of goods sold which is necessary to get your true profit. (In Lularoe we hold extensive value in inventory and this asset needs to be worked into your final filing numbers)
What is cost of goods?
This is a calculation involving your asset of inventory that provides your true profit. It is the cost of the inventory you sold, essentially the wholesale value or wholesale cost plus shipping that may have increased the cost of that item. In Pop Up Books there is a training specifically on this topic alone.
Click on the Quickbooks Icon below to receive a coupon for access to this software at my exclusive discounted rate of $5 per month for the first 12 months. Inside Pop Up Books, my Facebook Support group, I walk you through step by step how to set up for the Lularoe business owner. Unless you want a full time bookkeeper and accountant on staff you will also need my Income Statement (available for VIP’s only and I own copyrights to it) to translate all of your information once completed into, to calculate what your final tax filing numbers are. This sheet is what you would submit to your tax preparer and you are done!
Let this support group (for a very low cost) help you do your own books for minimal cost on your terms. Learn as you go and grow your business. Knowledge is power!
