Don't get me wrong, spreadsheets are great for a lot of things BUT spreadsheets can never replace a real bookkeeping system.
Downloading that shiny new spreadsheet every year, starting from scratch, and tweaking it to meet your needs (if you can even tweak it) is no darned fun! With bookkeeping software all you need to do is change the date and be on your merry way. No muss, not fuss, AND you can create reports to see how you're doing so far this year compared to last - just by clicking a couple of buttons!
SPOILER ALERT ..... that only gets your your income and seller fees from ONE PLATFORM (maybe Etsy). Plan on 30 minutes for each platform that you sell on and that doesn't even take into consideration all the things you paid for with your PayPal, Strip, or business checking account!
When in reality what you are lacking is bookkeeping knowledge. Yes, bookkeeping and not knowing what to do with all the paperwork can hold you back.
Yeah, that can happen too. But sooner or later you've got to do your bookkeeping. If not now, WHEN?
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