tag:blogger.com,1999:blog-882553094516469314.post5532180512835183752..comments2023-10-23T23:19:55.970-06:00Comments on Badger and Chirp: Selling Your Handmade Books: The ChecklistAnonymoushttp://www.blogger.com/profile/09613123479509882576noreply@blogger.comBlogger5125tag:blogger.com,1999:blog-882553094516469314.post-37323386951577196512011-06-17T08:10:31.450-06:002011-06-17T08:10:31.450-06:00Thank you for your time in answering those questio...Thank you for your time in answering those questions!robssurfreporthttp://robssurfreport.wordpress.com/noreply@blogger.comtag:blogger.com,1999:blog-882553094516469314.post-45032620589781924492011-06-17T08:02:13.709-06:002011-06-17T08:02:13.709-06:00Wonderful points Lizzie! It's nice to have the...Wonderful points Lizzie! It's nice to have the perspective of someone using PayPal internationally as I've never had the problem of dealing with currency conversion.<br><br>Rob,<br><br>We still sometimes use our personal account to make purchases as there are times when I forget my debit card at home for my business account. We just keep the receipts in a folder to use at tax time. The nice thing about having a second account set up just for business is that at tax time, you can just quickly review your statements and view how much you spent.<br><br>Each state has a different percentage for sales tax. You can google it or view this here: http://www.taxadmin.org/fta/rate/sales.pdf<br><br>Etsy has it set up so you can add your sales tax for the state you sell from. In your Etsy Account, you enter shipping and payment from the shop settings section. It will bring up shipping profiles first and at the top you'll find a sales tax tab. This is where you enter your sales tax rate. <br><br>Sales taxes are on the checklist so they'll come up in the next few weeks in my posts. <br><br>Cynthia, I hear you! I've always thought artists in school who were majoring in art should have a business minor. :) I'm lucky to have a husband that was a business minor and enjoys accounting.Karleigh Jaehttp://www.blogger.com/profile/09613123479509882576noreply@blogger.comtag:blogger.com,1999:blog-882553094516469314.post-5282839021580782762011-06-16T10:11:07.301-06:002011-06-16T10:11:07.301-06:00Very informative and helpful ...I think I should h...Very informative and helpful ...I think I should have gotten my Masters in Business Admin. sometimes though:)Cynthia Schelzighttp://www.blogger.com/profile/03231551708927840959noreply@blogger.comtag:blogger.com,1999:blog-882553094516469314.post-40457964173568882472011-06-16T08:19:41.497-06:002011-06-16T08:19:41.497-06:00Karleigh Jae, I'm sure I get how using a separ...Karleigh Jae, I'm sure I get how using a separate accounts makes things way easier - that's almost a no-brainer . . . but does using your personal account in the interim make things much more complex at tax time? I've been keeping a file of digitized reciepts on my computer for supply expenses and Etsy invoices. <br><br>Also, my bigger question is, how does one go about collecting sales tax when the buyer is in one's own state? I'm a bit daunted by that idea.robssurfreporthttp://robssurfreport.wordpress.com/noreply@blogger.comtag:blogger.com,1999:blog-882553094516469314.post-35847067959606964262011-06-16T06:47:20.221-06:002011-06-16T06:47:20.221-06:00This is great, Karleigh-Jae! Would have liked some...This is great, Karleigh-Jae! Would have liked something like this when I was starting up with my Etsy shop all the info in one place is very handy.<br><br>Just a couple of things to add: <br>1) Etsy Shop Name - be careful to think this through carefully, BEFORE you register with Etsy, since the name of your shop can not (currently) be changed. Etsy plan to alter this in the future, but for now, if you call your account "SuperFluffyKittens", that will be your Shop name! <br><br>2) Paypal - customers with no Paypal account can still pay by credit card, or sometimes cheque, through Paypal's system. They will handle the transaction for the seller and put the money into their Paypal account when the payment is cleared. <br><br>3) Also Paypal - Payments for anything you purchase with your paypal account, are taken first from your Paypal Balance - ie. the "pot" of money that is sitting in your Paypal account, wherever it came from. This means that, if you have made shop sales online and been paid with Paypal, you either need to take that money out immediately and move it to your business bank account, or you need to have a seperate Paypal account for your business, to stop your money getting mixed up (also useful if, like me, your shop transactions are in a different currency to your local currency - Paypal were taking my $ and converting them to Sterling, to pay for stuff I bought with Paypal. I could not stop them doing this, so I opened a new Paypal account for my shop). <br><br>However, when you set up a Paypal account, you have to link it to a bank current account. <br>BUT, Paypal will only allow you to link that bank account to One Paypal account. Therefore, if you already have a personal Paypal account and you want to have a seperate one for your online business, you either need two bank accounts, or you can do this: <br>De-attach your bank account from your personal Paypal Account. Set up your new business Premiere Paypal account, linking your bank details to this new account. Once Paypal have confirmed your new account, you can de-attach the bank account and re-attach it to your personal account. You will need something like a credit card still registered to your new Paypal account though. <br><br>I hope that all makes sense!Lizziehttp://www.blogger.com/profile/11918211625453430621noreply@blogger.com