Your Art Career

Artist Tip File: Better Bookkeeping

Artist Tip File: Better Bookkeeping


We are searching data for your request:

Forums and discussions:
Manuals and reference books:
Data from registers:
Wait the end of the search in all databases.
Upon completion, a link will appear to access the found materials.

If you’re a professional artist, maintaining an organized bookkeeping system will allow you to keep track of your sales and expenses, and avoid problems with the IRS. Here are a few simple tips from Laguna Hills, California, artist Pamela Calore:

  • File your expense receipts in an accordion file with the pockets designated and labeled for each expense category shown on the tax form. Label a separate pocket for “sales.”
  • Whenever you buy supplies or pay for anything else related to your painting business, get a receipt (a cash receipt, credit card bill or canceled check) and file it in the appropriate expense pocket.
  • When you sell a painting, photocopy the check before you deposit it as a record for the “sales” pocket.
  • At the end of each year, just add up the receipts in each pocket to get your total expenses by category along with your total income.


Watch the video: The Art Of Bookkeeping Vol 1 (June 2022).


Comments:

  1. Beverly

    You are absolutely right. There is something in this and I like your idea. I propose to bring it up for general discussion.

  2. Trennen

    I like your idea. I propose to bring it up for general discussion.

  3. Melanippus

    Between us, in my opinion, this is obvious. Have you tried searching google.com?

  4. Aegelweard

    In my opinion, you admit the mistake. I offer to discuss it. Write to me in PM.

  5. Diamont

    Kazakhstan ............. yyyyyyy

  6. Bert

    I'm sorry, but I think you are wrong. I'm sure. I propose to discuss it. Email me at PM.

  7. Woodley

    If I were you, I would ask the users of this forum for help.

  8. Uli

    Exactly what is necessary. Together we can arrive at the correct answer. I'm sure.



Write a message