Accounting tips for jewelry business owners

In the jewellery business, you offer glittering earrings, ring, necklaces and other and other gemstone accessories. You also provide service to help your customers enjoy and be satisfied with their purchase. Aside from your obligations to your customers, it is also your responsibility to take care of money related concerns in your business. 

One important responsibility that you should not ignore is bookkeeping. You need to ensure that your numbers are updated in order for your jewellery business to stay afloat. Note that handling the financial matters of your business is more than doing simple maths in a calculator. It can be a daunting task, especially if your business is growing and you begin to make a lot of sales.

So here are some ways to make accounting a little easy to deal with.

Time management

Proper time management is one important factor when doing bookkeeping. You need to dedicate a lot of time to complete your account and tax returns on time. If you have an accounting background and have the knowledge to handle this process, then great. But if you are not sure and you know it will take long enough for you to finish the job, then it would be best to hire a professional bookkeeper. Doing it yourself without the idea of how to complete the process could harm your business. This is why you need an experienced bookkeeper from parramatta bookkeeping provider to help you with the bookkeeping duties.

Understand the complexity

Just like any other business, accounting in the jewellery business might be complicated to understand especially if you are a first-time business owner. Note that the legislation and procedures vary in every state and are likely to change every few years or so. Therefore, you need the latest laws when it comes to your tax obligations so that you will be able to complete your account correctly. Part of this process is making sure that you are filing the correct forms as well as making sure that all information is correct.

You need to think if handling this process is worth it, or it’s probably best to hire someone who will take care of these matters so you can focus on running your business and serving your customers.

Keep your bookkeeping up to date.

The only way to anticipate your cash flow is to keep track of your ingoing and outgoing money on a timely basis. There is accounting software which you can use that allows you to do this in real-time. Through this, you will be able to generate updated accounting reports in a matter of seconds. There is also accounting software that allows you to record your payables. It also allows you to pay through your system. This way, you can make sure that you pay your suppliers on time. 

By keeping your bookkeeping up to date, you are able to stay on top of your accounting. This means you have a clear and disciplined routine which helps a lot in running a business. This will allow you to keep track of your profit and cash flow.

Managing your accounts on your own is okay, especially if you want to cut down the cost of running your jewelry business. However, it can leave you stressed out, and you might feel overworked. If your budget allows, you can hire a certified bookkeeper that can help you take care of the financial accounts of your business. Not only can they help you with your finances, but they can also give you advice when it comes to profit margins, forecasting, and payroll.

How To Accessorise Your Business Suit

Business suits can be boring and repetitive after a few wears. You can mix and match shirts and ties, but there are only so many combinations available. If you want to avoid boredom and feeling like you are wearing the same thing every day, you need to learn how to accessorise your tailor made suits in brisbane to add a more touch of your personality.

Have A Pocket Square

A pocket square is a great accessory that changes the appearance of your suit without needing a lot of work. When you choose your pocket square, you should look for a bright and colourful design. The colours of the pocket square should complement your tie, but not match it.

If you feel that bold colours are not right for your work environment, you can refold the pocket square into different shapes. There are a lot of traditional forms that you can use that are as eye-catching as bright colours. Fortunately, you do not have to be a master of origami to fold pocket squares, and there are many easy to follow tutorials online.

Wear A Seasonal Scarf

A scarf is not only a must in the winter months, but it is a great way to accessorise your suit. There are different ways to tie your scarf that can bring out the lines of your outfit. If you do not need the veil to stay warm, you can drape it over your shoulders instead.

This accessory can be used in the warm months as well. At these times, you should choose a lighter material and paler colours. If possible, you can swap your tie for the scarf in the summer to feel less restricted.

An Elegant Watch

A lot of men do not realise that their watch is their main accessory, and it can very easily complement your business suit. The problem is that men’s watches have a reputation for being expensive or unappealing. This is not true, and you can get an elegant watch for a fraction of the imagined price.

Every price range has elegant watches, but you do need to take the time to look for them. When looking at watches, you will find that even the most renowned watchmakers will have affordable options. It is recommended that you look for a timeless piece and not choose the popular choice. This ensures your accessory can be used for many years to come without any issues.

Wear A Tie Bar-Or Clip

Tie clips are something that many men associate with formal occasions, but they can be used as an accessory for work attire. A unique or fun tie clip can add some style, colour and humour to your business suit. When choosing a tie clip, you need to match it with as many of your suits as possible.

There are many accessories you can use to liven up your business suit. To accessorise, you can use a pocket square or a tie clip. Seasonal scarves and an elegant watch can also add something new and fun to your business suit.

Flowers And Jewellery – Gifts For All Occasions

When it comes to finding gifts for all occasions, you usually can’t go wrong with flowers or jewellery. There are so many different gifts in those categories for all occasions. Other types of gifts suitable for multiple occasions include candles, fragrances, bath soaps, socks, personalized mugs, etc.

Flowers

Some of the most common occasions where flowers are given as gifts include wedding anniversaries, housewarmings, valentine’s day, mother’s day, birthdays, funerals, hospital stays, engagements and more. You can buy bouquets, gift bags and more. Popular flower choices include roses, lilies, sunflowers, tulips, orchids, zinnia, lisianthus, germinis, chrysanthemums, hydrangeas, and alstroemerias. Researching the meaning behind each type of flower can help you to select the right type for the occasion.

If you are buying flowers in penrith as a birthday gift, it can be helpful to know that each month has its flower. When buying flowers for the holiday seasons, paperwhites, amaryllis, and red poinsettia are good choices. Those flowers represent wishes of success and good cheer.

Keep in mind that you don’t have to buy conventional bunches of fresh flowers. You can now buy single flowers, such a single red roses for valentine’s day, or dried-pressed flowers that are designed to last. Those who are concerned about the impact of new flower farming are now buying potted flower gifts, such as hanging baskets and prepared outdoor flower pots.

Jewellery

Just like with flowers, there are jewellery gifts to match all occasions and all personalities. There are lots of things to consider when shopping for jewellery, including type, metal, gem, size, and more. Fortunately, you only need to know about sizes if you are planning to buy a ring. The great thing about many types of jewellery is that you can get it engraved with a personalized message. When it comes to buying jewellery gifts for men, you need to check out cuff links, chains, watches, tie clips, lapel pins, key rings, and more. Jewellery birthday gifts often contain birthstones or replicas, including emeralds, rubies, pearls, opals, and sapphires.

The price of jewellery gift can vary greatly depending on many factors, such as types of metal (gold, white gold, silver, silver plated, etc.), gemstone type, brand, etc. Personalized jewellery can make an exceptional gift if you choose the right message, but it does cost more. Also, you need to keep in mind that the engraving processes might take some time, so don’t leave it until the last minute to buy your gifts.

Thanks to the internet, it is now possible to quickly find gifts for all occasions from multiple suppliers. What’s more, with most online gift shops, you can select next day delivery to ensure you get your items as soon as possible. Also, if you are not very good at wrapping up gifts, you can select gift wrapping services. If you are not able to get to the gift recipient in person, you can arrange for the gift to be delivered to their home address or place of work. The worldwide web has revolutionized gift shopping.

Tips For Keeping Your Jewellery Clean

If you love wearing jewellery, you want to make sure that it is squeaky clean at all times. Whether it’s to preserve its monetary value or sentimental value, you will need to dedicate some time to make sure there is always clear of pollutants, dust, perfume, sweat, hairspray, and various other contaminants. If you don’t take care of your jewellery, it will dull in appearance over time. In this article, we will share a few helpful tips to keep your jewellery clean.

First and foremost, you need to understand that different metals require different types of cleaning techniques. Cleaning gold is a lot different from taking care of your silverware and diamonds.

To clean your gold jewellery, you need to take a small dish and fill it with club soda and a bit of dish soap. In this mix, you need to drop your gold jewellery and lightly swish it around. Take a soft-bristled brush to get rid of the stubborn gunk stuck in various corners of the jewellery. Once the jewellery is clean, take it out and rinse it with cold water to get rid of the cleaning solution. Don’t forget to dry it completely before storing it.

For cleaning your silver jewellery, there are a couple of methods you can use. There are affordable silver wipes available in a market that allow you to get rid of the tarnish and restore the shine of your silverware. These wipes can also use for cleaning brass, copper, and gold.

Another cleaning technique is to make use of baking soda paste. Take some baking soda and add little amounts of water into it until it forms a soft paste. Take this paste and use a light brush to scrub the silver jewellery with this paste. Once all the gunk is out, rinse it with cold water and make sure it is completely dry before storing it.

Another way to clean your ruby jewellery is to use tinfoil. This technique should be used in case the silver is tarnished. Take a small bowl and line it with a piece of tin foil and then put some baking soda onto it. Keep your silver jewellery in this bowl and slowly pour some hot water over jewellery and baking soda. Your jewellery should sit in this mix for around 20 minutes. After 20 to 25 minutes, take a soft toothbrush and scrub your jewellery with it. Once all the gunk is out, rinse it with water and make sure it is completely dry before you store it.

When it comes to taking care of your diamonds and various other precious gems, you need to be aware that there are special tools that are required to take care of these without causing any damage. There are several such tools available in online stores. Make sure to read the reviews of different tools to find one that works best for you.

Overall, it is important to clean your jewellery to make it last for years regularly. Make use of these techniques to keep your jewellery sparkling clean.

The Basics Of Using Jewellery For Corporate Gifts

Corporate gifts are a terrific way to show your customers, suppliers and employees that you value them. However, before you rush off to buy something shiny for everyone connected to your business, you need to know the basics of this. You have to consider if you can use jewellery based on corporate policies and you need to study the type of jewellery you should be getting.

The Corporate Policies

If you are going to be using jewellery as a corporate gift to customers and suppliers, you will have to look at their corporate policies first. Many companies have limitations on the type of corporate gifts their employees can accept. This is done to stop fraud and any bribes which might come as a corporate gift. The policy might state that the company or employees are not able to accept presents over a set value or that they are not able to receive any gifts.

If the company does not allow gifts over a set value, you will have to be very careful with the jewellery that you buy. The cost of the jewellery will need to be low enough to qualify under the policy but be valuable enough to show your regard suitably. If there is a value set in the guidelines, it might be easier to not use jewellery as your corporate gift.

Choosing The Right Jewellery

Once you have checked the corporate policy or if you are only providing jewellery gifts to your employees, you need to choose the right jewellery. Many people assume that jewellery as a corporate gift is only applicable to women, but there are many different items that you can give to men as well. What you need to focus on is the type of jewellery that you are offering.

If you are giving jewellery as a corporate gift to a man, you should look at cufflinks and tie clips. Both of these items can be customised as needed and will be something that they will use. These items can also be purchased at a reasonable price which ensures that they meet corporate policies regarding value.

If you are giving jewellery as a corporate gift to a woman, you should avoid rings and earrings. Pendants and bracelets are recommended instead. As with cufflinks and tie clips, pendants can be customised as needed, but this could be harder to do with bracelets.

The Customisation

Customising the jewellery that you give as a corporate gift will add something special to it. Obviously, care must be taken with to choose the right customisation. If you are giving the gifts to people in the legal profession, you might want to include imagery which is linked to this such as the scales of justice.

Another way of customising the jewellery is to have something related to your company on it. This is not as easy to do as with other corporate gifts such as mugs. You need to be careful that you do not compromise anything.

How To Ensure That You Have Bought A Good Diamond

Jewelry is one of the most popular gifts for big occasions and plays a role in many of life’s milestones. However, if you are looking to buy jewellery with a diamond, you will want to ensure that you buy a good diamond. Diamonds are expensive, and you need to know that you have spent your money on something worthwhile. There are a number of things that you should consider when buying a diamond to ensure that you have bought a good one.

Know About The Four C’s

The 4 C’s of diamond quality is a language that jewellers around the world use to describe the different attributes of diamonds. When you look at each attribute individually, you will be able to determine the overall quality of the diamond. It is imperative for you to know what are the 4 C’s are before you start looking at diamonds.

 

 

The first attribute is the carat of the diamond, and these gems are weighed in metric carats. As an easy reference, a small paperclip will weigh approximately 2 carats. The more carats, the bigger the diamond is going to be.

The second attribute is the clarity of the diamond. As diamonds are created naturally under pressure and heat, they will all have different individual characteristics which are called inclusions for the internal ones and blemishes for the external ones. Most of these features are too small for untrained people to see and this is why the GIA clarity scale will be used. This level offers 11 grades for diamonds from flawless to included, and you need to keep this on hand.

The third attribute is the colour of the diamond with actually colourless diamonds being extremely rare and expensive. The GIA colour scale will use letters to represent the absence of colour in the diamond where D shows colourless, and Z shows light yellow or brown. It is important to note that colour distinctions can be very subtle and many people find that there is no difference to the untrained eye. However, it is important to note that the colour of the diamond will impact the price that you have to pay for it.

The last attribute that you need to know about is the cut of the diamond. Diamonds can be fashioned into a variety of shapes, and the cut will refer to how well the angles of the diamond relate to the light. There are a number of factors which will influence the cut from the overall appearance of the diamond to the design and craftsmanship. The diamond cut will be graded from excellent to poor.

Using The Right Jeweler

A lot of people underestimate the importance of using the right jeweller when they buy diamonds. You should look for a jeweller who is a certified gemologist. You should also take note of the affiliations that the jeweller has in the industry and with professional associations.  A trained jeweller will be willing and able to help you find the right diamond for your needs and ensure that you are getting a real diamond. It is very easy to find a lot of them online. However, buying diamonds online call for far more trust relationship between buyer and the seller.

Have An Independent Grading Report

One of the best ways to ensure that you are getting a good diamond is to have an independent diamond grading report. This report will be completed by an unbiased third party and will provide a description of the diamonds 4 C’s and confirm if the stone is natural or synthetic. These reports will disclose any treatment which the diamond may have undergone to change the colour or clarity. You can also confirm the report information on the GIA secure database if the report was completed by GIA.