January 17, 2016

New Year, New Accounting

Since the flipping game came back into my life in 2015 in a bigger way than expected, I vowed to clean up the books for 2016. I launched Etsy in late September 2015 and by year end had gross product sales of $544.11, eBay for the year was decent. Now that its 2016 I have to deal with it tax wise. My accounts were co-mingled in 2015, I was buying from the bins with our points credit card, buying personal & household stuff out of the Paypal account and generally being negligent to this business which could be profitable. I knew late in 2015 that this had to change. I…