I was thinking this morning, I need to go back through my account n see how much I’ve spent on reborning. Before I started reborning , my thing was electronics, cellphones, iPads n other gadgets. I knew what I was spending. But, now placing orders with several different websites, 2 to 3 times a week, I haven’t kept up. Does it matter to you the amount you are spending? Do you have a set amount every month? When you sell a reborn, do you use that money for more reborn supplies or you use for something else?
4 Likes
I try not to keep up with what I’m spending 
I do have an excel spreadsheet set up to record expenses and my sales. Last year I actually came out in the black by about $200. On paper that is, but I’m sure I didn’t put everything on paper. 
3 Likes
Im afraid to keep track lol. I have all my records but havently actually added it up. Im pretty sure im in the red right now. Hoarding too many kits 
4 Likes
I know nothing about “business”, and will be lost when I do start trying to sell some of these babies! I guess the IRS needs to know about it, huh? I might need to start a spreadsheet of some sort 
1 Like
I use Quicken to track all of mine. We will see how it looks at the end of the year I guess. 
1 Like
Absolutely. I have running exel documents that track sales and outlay costs. I order as I need too and always work on 5 dolls at a time. Means I can keep painting and creating while waiting for babies to dry and cure or rooting.
When I get my shipment I alocate parts and record in my data base and then I file my invoices. With dolls I have up for adoption, they have their own cost sheet which automatically calculates selling price. Then I have the big sales and purchase log. I think keeping paperwork is essential to the reborning process.
3 Likes
Ui might need to use quicken. Just to keep up on how much I’m spending.
1 Like
I know I spend a LOT!! And I am NOT a seller so-------what does that tell you???
4 Likes
I not a seller either, not yet anyway. You would think I was with all the kits I have. For someone who just started. They have kits on sale today n I’m gonna buy 1 or 2 before tonight is over. 
I try not to keep track.
2 Likes
So those of you who don’t keep track but do sell, you don’t report at the end of the year on your taxes? Do we even have to? I keep track for that purpose. That and the hubby is always asking if I even make any money. LOL
3 Likes
I kept track of my expenses last year, and my profit was $.0 for I ended up being -$600.00 as far as sales - expenses and I gave 11 babies away (donation, friends, family, swap) I made a total of 30 babies last year but I had purchased a total of 45 kits completed 30 kits sold 10, donated 11, 9 either keepers or still for sale for this year.
Now I have to do better this year and sale enough so that I am not in the negative this year as far as sales - expenses. I was expecting the first year to be in the negatives but this second year should be much better. I have a book of Inventory with prices so that I can better price finished babies so that I don’t take any losses this year I hope, and my painting skills have improved to where I can price my babies at a higher price so that should help with not being in the negative at the end of this year.
3 Likes
thank you for the question lovely lady …No I do not want to know at this time…I may and up on the floor and be in shock …and what will happen to my kids
4 Likes
Lololololololol
1 Like
I have a separate bank account for my dolls, and anything that I buy for reborning comes out of that account, all money from sales go to that account, and therefore it is painfully obvious I am still about $2000 in the red in the long run. Otherwise, I put all the receipts into a special folder in my file cabinet, add it once a year and work out the difference between money in and out, and it is always more out then in 
2 Likes
NO way I’d keep up with it that’d be evidence that could be used against me ! I plead the 5th 
4 Likes