End Of The Year Checklist | Transitioning To A New Inventory System!

~TODAY'S VID:
IT'S THAT TIME OF YEAR AGAIN! Meaning - time for inventory count, updating year-end numbers, finalizing those reports, and closing out your business year - all in all, gearing up for tax season.
Proper inventory management is VITAL and should be including in your weekly (or at least, monthly) tasks. I always recommend keeping up with your inventory purchases and updating your system regularly so that come time for the end of the year, it's not as daunting.
In today's video, I am show a little behind the scenes of me measuring and getting final counts on my inventory and finished products. In addition, I am also showing how I enter my inventory and my new inventory system I am transitioning to! Enjoy 🙂
P.S. I do keep a log of video ideas and suggestions, so more videos down the pipe. Thank you so much the support, feedback, recommendations, comments, and encouragement!
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~REFERENCES
Inventora
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Inventory Cost & Pricing Spreadsheet For Handmade Sellers: paperandspark....
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[@LadyCIMONNECandleCo]

What’s up everyone…hope you had a good week! Have you thought about an inventory system for you biz? It's time and Inventora is a GREAT way to start your inventory year. Let's chat!

[@mznetta6727]

I am really interested in learning about how to do inventory this is my first year for my candle business Do you have a clip for that??

[@LadyCIMONNECandleCo]

@@mznetta6727 I showed how to do it in this clip and I have a video from last year showing it. However, because every business is different, I can't explain it to you in the comment section. I recommend getting the paper and spark spreadsheet that comes with tutorials to help get your specific candle products started.

[@tiannataylor3841]

Hey CandlePal lol love your videos! I needed this one ☝️

[@bri-leighxo]

Omg so thankful for your wisdom and videos! You have no idea! I was going crazy trying to find a inventory system. Btw CONGRATS on your pregnancy! xo

[@LadyCIMONNECandleCo]

Thank you!!

[@choctawapache5330]

Hello! I’m very thankful to have come across your channel. I’m starting a new business with LLC making herbal products. I’ve been researching so much til my head hurts. Lol I have checked out paper&spark that you previously recommended. Now I’m wondering about Inventora. Does inventora have a place to keep up with office supply deductions? Starting up is so tiring with so many options to choose between web hosting, online stores, software, etc.

[@ellewillowskin]

Business maintenance is critical for on going success. Thank you for emphasizing this. ❤️

[@feliciadace7825]

Any advice on how to launch my business? I just been selling through word of mouth

[@LadyCIMONNECandleCo]

If you want to learn how to have all your ducks in a row from start to finish I have a course for starting a candle business ladycscandlebizlearningacademy.thinkific.com/ Otherwise, start an IG and or Facebook and begin to grow you following.

[@capriciahill8303]

When you started your candle business, did you give out samples or did you just put the word out saying you are saling them

[@LadyCIMONNECandleCo]

I did a presale and put the word out

[@ianisabelklay3518]

Hi Paris, just a quick question. If I havent started selling candles yet, I did testing back in August and just now officially registered the business. Will I have to still file for taxes this coming 15th?

[@LadyCIMONNECandleCo]

When you start selling you will.

[@ianisabelklay3518]

@@LadyCIMONNECandleCo thank you for the answer! I am a fan of yours and always look forward to your videos! Congratulations on the baby and on your business, you inspire me and many others with your content!

[@LadyCIMONNECandleCo]

@@ianisabelklay3518 Thank you!

[@Artistsculptor1776]

&Ian I would file my business taxes as a loss instead of a profit.

[@ajsharshar28]

Where did you buy all of your material from like your scale and ect

[@LadyCIMONNECandleCo]

All information is always in the description box of my videos. Under All Things LadyC, if you subscribe to LadyC's Digital HQ you can get access to my freebies, which includes a supply list.

[@laurag876]

Hi

[@LadyCIMONNECandleCo]

👋🏽

[@samii65]

Thank you Paris, this was very informative. Im looking at inventora, do you know if the prices for signing up are in US or AU $ Our tax year isnt calendar year, its 1/7 - 30/6 weird how things are the same and also different.

[@LadyCIMONNECandleCo]

If you click on my link below - the pricing plans option is at the top menu for review and choosing a plan

[@samii65]

@@LadyCIMONNECandleCo i saw the pricing, but, im guessing thats in US $

[@LadyCIMONNECandleCo]

@@samii65 Yes it is; you are welcome to contact them for price converstion.