This section of the forum is for discussing the business and finance issues of the t-shirt industry. Which business structure to use (sole proprietor, LLC, S Corp, etc), how to handle billing, where to register your business and get the proper licensing, etc.
BJs has a coupon for Quickbooks 2009 Edition for 79.99!
I'm fortunate enough to have one of my best friends be an auditor, so I make him do our stuff and all I have to do is give him free shirts!
You'd be surprised at the different talents that surround you in your everyday life!
I use quickbooks to maintain the "day-to-day" although it has been recommended by many to have a bookkeeper and accountant to avoid IRS problems.
Not really true. Unless you're running a very complicated business model, you don't really need an accountant, nor does it really keep you away from IRS troubles. Just organize your receipts and invoices. Then when it comes tax time, collect each one into a category, IE. expense, supplies, inventory etc. Then do your own taxes, OR have a tax guy do it.
My father runs a 3 million revenue $ small business and does the bookkeeping himself. Let me tell you, he is not organized at all and manages to pull it off lol.
If you did want to hire an accountant anyway, you might look for a personal one as they usually have more time to deal with you individually.
Yeah most bookkeeping you can do yourself. If you want to hire one just know that you have to put your business in their hands and hope that they give you the right numbers.
You want software like a quickbooks to run reports. If you just stack up your invoices and receipts in piles that doesn't help you run your business better at all. Be smart. Check with your local SBA or even on craigslist for a bookkeeper.