Frequently Asked Questions about the Bite-Sized Bookkeeping Bootcamp
Who is the bootcamp for?
This bootcamp was created for Etsy shop owners who have fallen behind on their 2016 bookkeeping. The course is beneficial whether you sell physical goods, digital goods, services, handmade items, vintage items, or supplies. It applies to both new sellers and experienced ones - all that matters is that you need help catching up on entering your financial data for the year.
Can I still take the course if I don't sell on Etsy?
The bootcamp was designed specifically with Etsy sellers in mind, and the first few lessons focus on how to import your fees and sales from Etsy's interface. That being said, non-Etsy sellers who sell physical or digital products online, especially makers and crafters, can still benefit from this course. Most of the lessons apply to most online businesses who sell physical or digital goods. Lessons cover how to find sales & fee info in PayPal, Amazon, Stripe, and WooCommerce, as well as how to enter transactions from your business bank account.
When does the bootcamp begin and end?
Course content will not be released until December 15th. After the content is released, you will work at your own pace to complete the course before your taxes are due. The content will remain published until May 1, so you have plenty of time to get your bookkeeping done by the tax deadline. After May 1, the content will be locked away!
What if I've already purchased one of your Paper + Spark spreadsheets?
The course includes the 2016 Etsy Seller Spreadsheet in the price. If you've previously purchased the Etsy Seller Spreadsheet or the Handmade Biz Financial Bundle from Paper + Spark, then you are eligible for a discount off the bootcamp's price. Just email me your receipt for the discount code.
If you've purchased another one of my spreadsheets, like the PayPal Seller Spreadsheet or the Inventory Cost & Pricing spreadsheet, then you are not eligible for the discount.
What does the bootcamp cover?
Here's an outline of the lessons in the course:
- Welcome & Overview of the Materials
- Get to Know Your Etsy Seller Spreadsheet
- Import Your 2016 Etsy Records
- Adjust for Refunds
- Enter Your Etsy Fees
- Enter Sales from Other Sources
- Gather Statements and Expense Documentation
- Understand How to Categorize Expenses
- Enter Your PayPal Activity
- Enter Your Bank Account Activity
- Deal with Inventory & Cost of Goods Sold
- Compile Documentation for Tax Prep
- Course Wrap-Up
How does this course work? What's the timeline?
The course includes 13 lessons that are designed to be worked through at your own pace. Each lesson may include text, downloadable PDF worksheets or checklists, or video tutorials. Two main spreadsheets are included - the 2016 Etsy Seller Spreadsheet, where the majority of your work will be done, and an inventory spreadsheet to help you count your inventory, calculate your purchases and ending inventory.
The course material itself is a mostly tutorials on how to do each step of updating your books, with a little bit of accounting and tax education thrown in to help you get a clear understanding of what you're actually doing. Each lesson can take anywhere from 10 minutes to 10 hours - it really just depends on how far behind you are and how many transactions you have to enter during a certain module.
Since the goal is to have your books completed for tax purposes, I suggest you plan to finish the course no later than early April, since your tax return is likely due April 18th, 2017. All content will be released on December 15, 2016, giving you several weeks to do your coursework. I suggest getting started after the holidays are over, and completing one or two lessons per week.
Will you be there to answer questions about the material?
Yes. There are discussion forums built in to each lesson of the course that I monitor. I will answer any questions about the material or your coursework here in a timely manner so you can keep working!
Will the bootcamp be open throughout the year?
I plan to close enrollment for the bootcamp in mid-February. This maintains the integrity of the course and gives all enrolled students enough time to complete the course well ahead of the tax deadline. The content will remain published until May 1 for all enrolled students. Remember, the bootcamp was designed with a very specific goal in mind - to catch up on your 2016 financials!