After I realized I was running into frequent inventory issues and wasting time and money, by not getting my inventory organized, I decided there has to be a better way.
I started tracking it all in Excel, and thanks to my previous corporate jobs in HR/compensation, I knew exactly how to set up the formulas, for a system that was completely streamlined and easy to use.
With an organized system for tracking inventory, tax time was a breeze! I was able to quickly find out my COGS (cost of goods sold) and inventory to report on the schedule C.
Plus, no more deactivating listings because I ran out of materials. I had a system down to get me through the busy holiday and wedding seasons, and was able to keep everything in stock, maximizing sales.