The holidays have passed, the decorations are back in boxes (maybe…) and the excitement of the new year is still fresh in our minds.
But before you shift your focus entirely to the new year, let’s take a couple of steps to wrap up last year and, in doing so, make April 15Â a much less stressful time for you.
Yeah… we’re talking about taxes. Gross, right?
Below are a couple of things you should do in Swift Galleries right now to prepare for your taxes.
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Export Your Sales Report
The Sales Report should give you most (if not all) of the info your CPA will need with regard to what you’ve sold with Swift Galleries.
This includes:
- Cost of Goods Sold
- Discounts that Were Applied
- Shipping
- Taxes Applied
- Processing Fees
With these, your CPA should be able to determine your income and expenses (and COGS) for all of your wall art sales.
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Here’s how you get your Sales Report:
From the Dashboard, click on Reports, then Sales Report (or just click here)
Change the Date Range to January 1, (last year) – December 31, (last year)
Click either the CSV of Excel Button to download.
Print All Your Previous Year’s Invoices
If you don’t have access to the invoices that were sent via email, you’ll also want to grab those and print them all for your tax person.
Here’s how to access your past invoices in Swift Galleries:
From your Dashboard, click on Your Subscription, then View All Invoices (or click here).
Click into the individual invoices to view and print. If you’re on a yearly subscription you’ll only see one (see below image); if you’re on a monthly subscription you’ll see around 12 invoices for the previous calendar year.
And that’s it!
With just 10 or so minutes worth of work, you can breathe easy that you have what you need to do your taxes when it comes to last year’s wall art sales!
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Questions about any of this? Leave a comment below!
