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	<title>SELLING WHOLESALE TO GIFT SHOPS &#187; bookkeeping</title>
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	<link>http://sellingtogiftshops.com</link>
	<description>Tips on Marketing Your Products from an Independent Gift Sales Representative!</description>
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		<title>Setting up Bookkeeping and Database Systems</title>
		<link>http://sellingtogiftshops.com/2009/05/12/setting-up-bookkeeping-and-database-systems/</link>
		<comments>http://sellingtogiftshops.com/2009/05/12/setting-up-bookkeeping-and-database-systems/#comments</comments>
		<pubDate>Tue, 12 May 2009 22:36:20 +0000</pubDate>
		<dc:creator>Gift Rep Sandy</dc:creator>
				<category><![CDATA[Sales Call Prep]]></category>
		<category><![CDATA[bookkeeping]]></category>
		<category><![CDATA[Customer Manager]]></category>
		<category><![CDATA[database managment]]></category>
		<category><![CDATA[income reports]]></category>
		<category><![CDATA[Invoicing]]></category>
		<category><![CDATA[Microsoft Access]]></category>
		<category><![CDATA[Microsoft Excel]]></category>
		<category><![CDATA[Newsletters]]></category>
		<category><![CDATA[sales systems]]></category>
		<category><![CDATA[tracking inventory]]></category>

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		<description><![CDATA[Okay, you have contacted a few retail stores and made a few sales.  Now what? Setting up a good system to track your customers and your sales is necessary to maintain your sales records. Bookkeeping Systems QuickBooks is the most commonly used computer bookkeeping system available.  You can use QuickBooks to invoice, track sales, expenses, accounts payable (what you owe people) and accounts receivable (what people owe you!).  You can also use QuickBooks to general various reports such as Income Statements (your profit or loss statement) and Accounts Receivable Aging Reports (telling you if customer’s payments are late). If you decide to use QuickBooks, you have the option of using QuickBooks Pro or QuickBooks Premier for Manufacturers.  Pro version is the standard basic bookkeeping system whereas Premier will allow you to track inventory and cost of good sold (cost to manufacture your products). Or if you wish to use just a very simple system to keep track of sales, Microsoft Excel gives you the option to list each sale and payment dates. Which ever system you decide to use, make sure it is kept up to date nor you can easily lose control of your business! Database Systems Even though [...]]]></description>
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		<title>Typical Payment Terms to Expect When Wholesaling</title>
		<link>http://sellingtogiftshops.com/2009/04/15/typical-payment-terms-to-expect-when-wholesaling/</link>
		<comments>http://sellingtogiftshops.com/2009/04/15/typical-payment-terms-to-expect-when-wholesaling/#comments</comments>
		<pubDate>Thu, 16 Apr 2009 00:14:32 +0000</pubDate>
		<dc:creator>Gift Rep Sandy</dc:creator>
				<category><![CDATA[Sales Call Prep]]></category>
		<category><![CDATA[bookkeeping]]></category>
		<category><![CDATA[credit cards]]></category>
		<category><![CDATA[payment]]></category>
		<category><![CDATA[PayPal]]></category>
		<category><![CDATA[terms]]></category>
		<category><![CDATA[wholesale terms]]></category>

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		<description><![CDATA[Typical standard payment terms for selling to gift stores is Net 30 days.  In other words, you deliver or ship your products and in 30 days the retailer will pay for the order.  Originally, Net 30 terms are used so the retailer to have time to sell some of your products before needing to pay for them. Credit card payment is another standard payment method which is becoming more popular with gift store buyers. Now, let’s talk about each payment term individually. Net 30 Days Terms •    If you plan to use Net 30 terms, I highly recommend you ask for prepayment on all first time orders – especially if you are working with new store (open less than a year).  Stores that are owned by a management company or have a separate bookkeeping department may not be able to prepay orders, but if you work with the buyers, you will have a better chance of getting paid quicker than if you did not ask for prepayment. •    While processing the first order, ask for a credit sheet that lists at least 3 references, bank information and person responsible for paying the bills.  Although this will not ensure you will [...]]]></description>
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