[ocsusan]

I make jewelry with beads and findings to sell on a retail basis at craft shows, etc. There are thousands of tiny parts that I use. It would not be feasible to count each item. How can I create an inventory for accounting purposes? I have just started in business and not set up any books yet. I have both things that I bought long ago and have no idea of their cost, and things that I bought recently with receipts. But still I cannot count every bead and finding.

[paraclete]

it is possible to count small objects by weight, as to those things you cannot value for lack of data, you can estimate their value or simply value them at zero . What you would do is create a record where you note the quantity and value and when you use the item you reduce the quantity, this is called a perpetual inventory system. At the balance date your records will enable you to value the inventory