November 2012 Balance Sheet

November 2012

November was a wash, but I’d been expecting that due to National Novel Wiriting Month. Unfortunately the lack of income paired up nicely with a whole flurry of bills, so I’m deeper into the red that I had planned to be at this point.

But on a good note, I now have an official business computer (Chromebook) and the City of Newport News can tax a real $250 computer instead of an imaginary $3,000 one. *mutter*

The Breakdown

Income : $0.00

Nothing, nada, intet, res, niets, wala… but I have one more month in 2012 to try again. If nothing else, this year has been a very good learning experience!

Expenses : -$33.75

$3.95 Tax Online Payment Fee
$29.00 USPS PO Box (6 months)
$0.80 Etsy Fees

Ah the joys of reoccurring fees! But having a PO box will save me money when it comes time to renew the domain names next year (at least the ones I’m keeping), so it’s still better safe than sorry.

Inventory : -$0.00

Nothing moved in or out of inventory this month, but I’m going to sit down and do a proper accounting this month so I have it for the Schedule C. (It would be nice to have a solid inventory of every art supply I own, business and non-business.)

Taxes : -$42.50

$21.25 Business Equipment Tax (First Half)
$21.25 Business Equipment Tax (Second Half)

Thanks to the purchase of the Chromebook, I will owe the City of Newport News a whopping $5 next year for this tax– I only wish I had realized I needed to upgrade sooner!

TOTAL : -$76.25

Year to Date

$165.81 Income
-$430.94 Expenses
-$116.75 Inventory
-$76.45 Taxes
-$458.33 TOTAL

So far it’s costing me roughly forty bucks a month to run this business. Thankfully I won’t have to buy any more inventory for a while, but a lot of those expenses aren’t going to melt away come 2013.

Which means I need to do two things a) sell more stuff and b) cut costs. The second goal is a little easier than the first, but neither one is going to be a cake walk. *rolls up sleeves*

Time to get working!

Martha Bechtel

My name is Martha Bechtel and I write fantasy and science fiction stories, paint small model horses silly colors, cast resin and plaster magnets, code random code (and Wordpress plugins)... Come on in and join in the fun!

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