The financial year is coming to a close and today I am going to tidy up my accounts for the accountant to start on. I do this every now and again but this year have not since June, so a stack of paper work requires sorting. I keep a spreadsheet of activity which I maintain daily and know what I do and don't have. It is just the putting of bits of paper in order.
When I first started out I was really bad with keeping it all sorted. All the paper work got mixed in with my personal stuff and I never kew where anything was. I feel a lot happier my basic form of filing now. All receipts and statements go straight into a special draw. No doubt this had been a lifesaver as I can find anything easily. I also keep a daily spreadsheet of activity which also now has a year by year costs on it and a bit that tells me how much I am paying for venues and stalls, how much I sell and accomodation. In the next year I am adding petrol and food costs which I don't usually put in at the moment. It is all very simple and cheap to maintain but invaluable to keeping abreast of things and making sure I pay for stuff when I need to.
The other important thing I did was get an accountant. I was worried about being a business and not declaring everything properly but frightened at the same time of starting to sort out a tax return. I bit the bullet and got an accountant and in the end this has relieved me and left me free to concentrate on what I do best. Selling.
I have done more work on my catalogue and expect it to be ready in he next few weeks. I am doing one for door to door sales and also one on disc to give away.
Have a good weekend and if you get a minute have check me out on ebay: http://stores.ebay.co.uk/Amethyst-Trading
