Inventorying Bulk and Mixed Jewelry Supplies

by Jennifer
(Blountville, TN)

(stock photo of mixed jewelry supplies)

I am in the process of starting a jewelry business but I'm not sure how to inventory certain items. I purchased some of my beads and findings as a mix and I'm not sure how to separate the items for inventory purposes.

IE: Mixed Findings, Starter Packs, Strands with various shapes and sizes of beads, and especially bead bags (an assortment of items sold by the ounce or pound).

Do I have to count each item separately?

And how do I figure the cost of good sold? Any ideas or suggestions would be helpful.

Jennifer

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Inventorying Bulk and Mixed Jewelry Supplies

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Bulk and Mixed Supplies
by: Rena

Hi Jennifer,

Have you read through these articles (including the comments at the bottom of each of them)? -

The Business of Beads - Bookkeeping

The KISS Theory (tips on jewelry supply inventory accounting from Rita Juhlin)

Easy Jewelry Business Inventory - Rita Juhlin's do-it-yourself system