Jim's Gem

I make a lot of quilts that get donated. What I do is take a picture of each quilt. Document how large it is and how much fabric was used in the making as well as the amount of batting purchased for each project. I figure in how much thread (approx) was used (ie a spool, half a spool, 2 spools, etc) I estimate how much 505 spray was used. I have printed up a cost (from JoAnns, not on sale) for the batting, 505 spray, print up a cost of the thread you use. You can even print up an advertised cost of fabrics. Then I say this quilt was x large and used 6.5 yards of fabric at $10 a yard (yes I need to increase that cause fabric costs more than that now) 1 spool of thread at x etc. I print up a black and white picture of the quilt or quilts if there are multiples going at the same time and the sheet where I have my "costs" For 2013 my "costs" were over $2,600 at $10 a yard. My accountant has accepted my figures (it helps that she is a quilter too!)

Most of the time the fabric comes from my stash and I don't have receipts for that fabric. But replacement cost is acceptable. You cannot charge for your time.