The TPT Seller's DIY

The TPT Seller's DIY

Bookkeeping Guide

Bookkeeping Guide

The "DIY" tool you've been searching for if...

  1. Your business taxes are filed on your Schedule C (sole proprietor or single-member LLC)
  2. You only sell using the Teachers Pay Teachers Website (no website of your own or other avenues of sales)
  3. You want to be able to maintain your own bookkeeping (instead of outsourcing)
  4. You do not ship or store physical product
  1. Your business taxes are filed on your Schedule C (sole proprietor or single-member LLC)
  2. You only sell using the Teachers Pay Teachers Website (no website of your own or other avenues of sales)
  3. You want to be able to maintain your own bookkeeping (instead of outsourcing)
  4. You do not ship or store physical product

This guide is for TPT Sellers who acknowledge the importance of bookkeeping, that want to save money by doing it themselves, and that want to minimize the time SPENT learning how to do it properly. Your time, after all, is your most valuable resource.

Our guide provides you with a standardized bookkeeping process with an easy-to-follow checklist that guides you in maintaining a quality set of books so you can better understand your business, stay compliant, and provide accurate data for your tax return(s).

Are you a visual learner? Great! We linked video tutorials for each of the steps, so you can follow along with a real accountant leading you through the process.

What You Get:

  1. A 10 step reusable and clickable checklist created by an Enrolled Agent (a tax specialist) who values the importance of good bookkeeping.
  2. Detailed video tutorials linked for each task to teach you what to do, what to look for, and best practices lead by two Quickbooks Online ProAdvisors.
  3. A ‘reports section’ explaining what you should be looking for on that report to discover errors, and how to read it to benefit your business.
  4. Additional Record Keeping spreadsheets to use to track your Home Office expenses, Mileage, and calculate your Quarterly Estimated Tax Payments.
  5. QBO Self Set-Up (if you choose the QBO Guide), 
  6. Important Dates to Remember
  7. Standardized Chart of Accounts specific to TPT, 
  8. Categorizing your transactions cheat sheet, 
  9. Year-End Self-Evaluation Quiz with video instructions to help answer the questions! 
  1. A 10 step reusable and clickable checklist created by an Enrolled Agent (a tax specialist) who values the importance of good bookkeeping.
  2. Video tutorials linked for each task to teach you what to do, what to look for, and best practices lead by two Quickbooks Online ProAdvisors.
  3. A ‘reports section’ explaining what you should be looking for on that report to discover errors, and how to read it to benefit your business.
  4. Additional Record Keeping spreadsheets to use to track your Home Office expenses, Mileage, and calculate your Quarterly Estimated Tax Payments.
  5. free upgrade to our TPT Seller’s Bookkeeping Guide 2.0 (coming soon) with extra value items: QBO Self Set-Up, Important Dates to Remember, Standard Chart of Accounts specific to TPT, categorizing the bank feed cheat sheet, Year-End Self-Evaluation Quiz with video instructions to help answer the questions! Once this is live, the new price will be $200 so buy now to this upgraded version!

This will not meet all your needs if...

  1. Your LLC elected to be treated as an S-Corporation for tax purposes
  2. You sell using the your own Website, any other marketplace, or plan to invoice for consulting services
  3. You don’t intend to keep up with your bookkeeping and think QBO will do it all automatically for you (Sorry, that’s not how it works)
  4. You ship and store physical product

If this TPT Specific guide doesn’t meet your needs, we have custom bookkeeping guides meant for you! Schedule a time to meet with Rachel and she can help guide you through that process and give you a quote.

This will not meet your needs if...

  1. Your LLC elected to be treated as an S-Corporation for tax purposes
  2. You sell using the your own Website, any other marketplace, or plan to invoice for consulting services
  3. You don’t intend to keep up with your bookkeeping and think QBO will do it all automatically for you (Sorry, that’s not how it works)
  4. You ship and store physical product

If this TPT Specific guide doesn’t meet your needs, we have custom bookkeeping guides meant for you! Schedule a time to meet with Rachel and she can help guide you through that process and give you a quote.

 

Instant access to the PDF Download.