As a creative professional, your mind is often bursting with innovative ideas and artistic inspiration. While balancing your bookkeeping and tracking financial metrics may not be anywhere near as exciting as creating, it’s a crucial part of managing a successful business. One of the most important financial areas to understand is tax deductions, which can […]
As an experienced bookkeeper who works primarily with creatives, I’ve seen my fair share of bookkeeping mistakes. While I understand that creatives like yourself would prefer to focus on their craft, keeping accurate financial records is crucial for maintaining a successful business. Here are some of the most common mistakes I’ve seen over the years, […]
Accountants and bookkeepers have two very different job descriptions. These professions may look similar, but bookkeepers are generally responsible for the accurate recording and classification of all financial transactions. Accountants, on the other hand, create reports to interpret those transactions and usually do tax preparation. While most businesses consult with an outside accountant once a […]
Take a look at that pile of paperwork on your desk. The growing stack of receipts, unreconciled credit card statements, and post-it notes of “to-dos” lie untouched while you focus on the growth of your business. Trust me; there is absolutely nothing to be ashamed of with this picture. In fact, if anything your focus is exactly where […]
You have a tough job when it comes to managing your interior design business finances. For starters, client meetings and project work doesn’t leave a lot of time for administrative duties, including bookkeeping. You’re also often given large lump sums of money, but that money is spent in dozens of ways before you even make […]
As an entrepreneur, your time is money. Every moment you spend doing administrative duties is time you’re not spending earning cash. To that end, my #1 recommendation is to outsource as much behind-the-scenes work as possible. I won’t go into a lot of detail about the benefits of outsourcing in this post, but it’s probably […]
Explore your bookkeeping options. You’re the expert at what you do and probably not in bookkeeping, so you may not understand the different bookkeeping methods available to you. Ignorance is often bliss, but it is important that your finances are managed in the way that is most helpful to your business. The differences between the two […]