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Accounting and Taxes for Resellers
Welcome to Accounting and Taxes For Your Fashion Resale / Boutique Business Online Course
Welcome!!
Welcome to the Course! (4:48)
How To Take This Course (6:56)
A Summary of Changes (4:25)
Module 1 - Setting Up Your Fashion Business
Module 1 Overview (0:48)
Lesson 1 - From Hobby to Business (5:05)
Lesson 2 - Licenses and Permits (4:42)
Lesson 2a - Business Licenses (3:10)
Lesson 2b - Sellers Permit (5:53)
Lesson 2c - Resale Certificates (10:35)
Lesson 3 - Types of Entities (1:40)
Lesson 4 - Sole Proprietorship (4:26)
Lesson 5 - LLC (7:35)
Lesson 6 - S-Corporations (5:30)
Module 1 Action Item (1:01)
Module 2 - Accounting 101
Module 2 Overview (2:01)
Lesson 7 - Intro to Accounting (6:48)
Lesson 8 - Accounting Formula and Profitability (5:14)
Lesson 9 - Cash vs Accrual (11:00)
Lesson 10 - Assets (6:44)
Lesson 11 - Liabilities (4:26)
Lesson 12 - Owners Equity (1:34)
Lesson 13 - Sales (1:14)
Lesson 14 - Cost of Goods Sold (1:32)
Lesson 15 - Expenses (1:46)
Lesson 16 - Financial Statements (2:26)
Lesson 17 - Balance Sheet (1:40)
Lesson 18 - Income Statement (2:22)
Module 3 - Setting Up Your Books and To Dos
Module 3 Overview (0:35)
Lesson 19 - Accounting Software (4:37)
Lesson 20 - Setting Up Your Books (5:07)
Lesson 21 - Documentation (3:32)
Lesson 22 - To Dos (5:59)
Lesson 23 - Recording opening balances for your business (3:37)
Lesson 23a - Opening Balances Financing - Cash (2:20)
Lesson 23b - Opening Balances Financing - Inventory (5:10)
Lesson 23c - Opening Balances Financing - Your Own Stuff (5:00)
Lesson 23d - Opening Balances Financing - Fixed Assets (5:30)
Module 3 Action Item (1:00)
Module 4 - Inventory
Module 4 Overview (0:32)
Lesson 24 - Overview of Inventory (4:37)
Lesson 25 - Accounting for Inventory (0:40)
Lesson 25a - Asset vs Expense (5:25)
Lesson 25b - Expense - Cash basis (3:30)
Lesson 25c - Asset - Accrual basis (4:53)
Lesson 25d - Asset vs Expense Conclusion (1:06)
Lesson 25e - Accounting for Personal Items (4:22)
Lesson 26 - Tracking Inventory (4:18)
Lesson 4A - Poshmark Inventory Report (4:31)
Module 5 - Sales
Module 5 Overview (0:48)
Lesson 27 - Overview of Sales (3:05)
Lesson 28 - Factors to Consider in Setting Sales Price (1:02)
Lesson 28a - Profit, Sales Tax, Cost and Commission (4:55)
Lesson 28a1 - Sales Price Calculator (6:23)
Lesson 28a2 - Effect of Posh Remit (1:23)
Lesson 28b - Value Your Time (6:48)
Lesson 28b1 - Value of Time Calculator (6:12)
Lesson 29 - Accounting For Sales (0:19)
Lesson 29a - Cash vs Accrual (3:35)
Lesson 29b - Bundles Sales (0:33)
Lesson 29c - Set Bundle Discount - Cash basis (1:18)
Lesson 29d - Set Bundle Discount - Accrual basis (1:45)
Lesson 29e - $ Offer on Bundle - Cash basis (1:52)
Lesson 29f - $ Offer on Bundle - Accrual basis (1:23)
Lesson 29g - Bundle calculator (8:11)
Lesson 5A - Poshmark Sales Report (6:24)
Lesson 5B - Overview of Consignment (6:54)
Lesson 5B1 - Accounting for Consignment (7:30)
Lesson 5B2 - Establishing a Rate (5:05)
Module 6 - Expenses
Module 6 Overview (0:31)
Lesson 30 - Overview of Expenses (0:46)
Lesson 31 - Cost of Goods Sold (3:32)
Lesson 32 - General & Administrative Expenses (3:10)
Lesson 32a - General & Administrative Expenses - detail 1 (7:01)
Lesson 32b - General & Administrative Expenses - detail 2 (6:05)
Lesson 32c - General & Administrative Expenses - detail 3 (6:15)
Lesson 32d - General & Administrative Expenses - Vehicle (4:49)
Lesson 32e - General & Administrative Expenses - Home Office (4:08)
Lesson 6A - The Importance of Business Expenses (5:07)
Module 7 - Recordkeeping, Financial Reporting & Financial Analysis
Module 7 Overview (0:25)
Lesson 33 - Overview of Recordkeeping (1:07)
Lesson 33a - Recordkeeping (6:31)
Lesson 34 - Financial Reporting (1:35)
Lesson 34a - Financial Reporting - Balance Sheet (2:00)
Lesson 34b - Financial Reporting - Income Statement (2:56)
Lesson 34c - Financial Reporting - the link between financial statements (6:33)
Lesson 35 - Financial Analysis (0:52)
Lesson 35a1 - Vertical Analysis - Balance Sheet (1:20)
Lesson 35a2 - Vertical Analysis - Income Stmt (2:41)
Lesson 35b1 - Horizontal Analysis (2:36)
Lesson 35b2 - Horizontal Analysis - Balance Sheet (1:20)
Lesson 35b3 - Horizontal Analysis - Income Statement (3:38)
Lesson 35c - Ratios (0:57)
Lesson 35d - Receivables Ratios (3:09)
Lesson 35e - Inventory Ratios (2:23)
Lesson 35f - Income Statement Ratios (5:42)
Module 8 - Income Taxes
Module 8 Overview (0:39)
Lesson 36 - Income Tax Overview (3:16)
Lesson 37 - Income Tax Specifics (2:27)
Lesson 37a - LLC (3:45)
Lesson 37b - LLC - Single Member (3:36)
Lesson 37c - LLC - Non-Single Member (4:39)
Lesson 37d - S-Corp (2:57)
Lesson 8A - Income Taxes Tips (4:06)
Lesson 8B - Tax Cuts and Jobs Act of 2017 (6:34)
Lesson 8C - Qualified Business Income Deduction (5:42)
Module 9 - Sales Taxes
Module 9 Overview (0:41)
Lesson 38 - Sales Tax Overview (2:57)
Lesson 39 - The Complexity of Sales Tax (3:52)
Lesson 39a - Sales Tax Varies by State (1:59)
Lesson 39b - Origin based Sales tax (2:14)
Lesson 39c - Destination Based Sales Tax (3:35)
Lesson 40 - Sales Tax Reporting (5:46)
Lesson 9A - Sales Tax tips (3:09)
Lesson 9B - Wayfair v So Dakota (13:24)
Lesson 9C - Posh Remit (6:32)
Lesson 8C - Qualified Business Income Deduction
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