Bookkeeping for Creatives ONLINE CLASS

Some people take one look at their records and shudder at the thought of deciphering it. Don’t worry if that sounds familiar; we promise we’ve seen worse. Workstead is both product-based and service-based, which meant we needed to implement a fully-customizable accounting solution. We helped them select QuickBooks Online because it’s an adaptable accounting solution that empowers them to track both products and services. One of the best apps for the self-employed is a good cloud storage solution for managing receipts. The time-honored shoebox system (as well as any other form of paper storage) is vulnerable to being misplaced as well as physical damage from fire, water, and critters.

The link to the webinar will be sent to you upon signing up, 48 hours prior to the start and again when it starts. The link will be available accounting for artists within 24 hours after the original recording. Classes start January, April, and August, and this course can be completed in a 15-week term.

Business Resources

We’re the financially savvy partners you’ve always dreamed of having. Our teams promise to yours is to keep you informed with beautiful, timely and accurate reports. You don’t have to chase us for your financial reports because we’ll email them to you every month. Workstead is a design studio, founded in 2009 by Stefanie Brechbuehler and Robert Highsmith. From their studios in Brooklyn, NY and Charleston, SC they focus on architectural and interior design, lighting, furniture, and exhibitions.

If you sold an asset, list the date it was sold and the amount you sold it for. More importantly, I’m here to shift your focus to the right financial opportunities by helping you know your numbers and what they mean. Every transaction recorded and verified against your bank records for accuracy. With us, you don’t have to pick between virtual conveniences and small-town service. Honeybooks is available as a mobile app—allowing you to keep in touch with clients wherever you go.

See how Oscar Fairchild helped London based Lime Creative stay on top of bookkeeping and accounting »

When it comes to accounting and bookkeeping for freelancers, this document is a must-have. Not to be confused with a budget, a financial forecast requires thinking through some of the business circumstances coming down the pipeline. At its most basic — which is sufficient for most creative freelancers — a financial forecast should include both your projected income and the expenses you anticipate over the next few months.

If your business has a profit for the year and you had a home office, include the appropriate home office information based on which method you choose. This shows the total income for the year, any refunds you issued and all your expenses. Now that we’ve gone through the steps of creating a usable bookkeeping system, I’d like to go over three commonly forgotten tax deductions. Before professional bookkeeping, I pursued a career in interior design.

Affordable Bookkeeping for Freelancers & Independent Contractors

If you don’t commit to reviewing your numbers each month, things will get behind. You will start feeling overwhelmed again and you will not have the insight to make good business decisions. By having your finances separate, you are able to make sure you get as many tax deductions as you can and you aren’t missing anything that was mixed in the personal side of things. You’re making sure everything that’s showing up in your accounting program is matching what’s on your bank statement. If something doesn’t match, that’s a red flag to you that something was entered incorrectly, a transaction was entered twice, or maybe accidentally left out. Now we’re at the second to last step, which is reconciling your accounts monthly.

• Automated, effortless and easily scalable, Zoho is a comprehensive expense management tool available as a mobile app so you can manage your money wherever you are.
• When you hire us, you will be treated with care during every step of the process.
• Emailed receipts are already digital, and for paper receipts, you can simply snap a photo and upload it to your storage.
• Workstead’s aim is to design responsible, context driven works that create a sense of place for both the objects they contain and the people that experience them.
• If you are looking for a free software that includes accounting and invoicing, Wave could the perfect solution for you.

I’m LoriAnn, a virtual bookkeeper for the creative entrepreneur, bridging the gap between traditional accountants and business owners. Whether you are just starting out, or have been in business for years, my mission is to help you feel peace and confidence about your finances. When it comes to bookkeeping for creative professionals, one size definitely doesn’t fit all. We will spend time learning about your company’s unique needs and will create a customized package just for you. Your fixed monthly investment will be based on the average volume and complexity of your bookkeeping. In this course, students will learn how companies record transactions and develop financial statements using Generally Accepted Accounting Principles (GAAP).

Weekly Bookkeeping Tasks

Bookkeepers help small artists keep track of their income and expenses while optimizing their profitability and growth. A digital, cloud-based storage system like Dropbox or Google Drive is a cheap (free at the level most freelancers will need), easy solution for keeping all your receipts in one safe place. You can set up some basic folders in the way that makes the most sense to you, i.e., office supplies, utilities, rent. Emailed receipts are already digital, and for paper receipts, you can simply snap a photo and upload it to your storage.

Whether you’re on your own, or managing a team, your billing will be easier with FreshBooks. Wave offers a comprehensive suite of products to help you efficiently manage your business’s finances, covering accounting, invoicing and payments. Wave truly understands the complexities of accounting for creatives and delivers accordingly. Our streamlined systems will not only ensure financial records are correct at the end of the financial year but also track the time and money you spend, client by client. Allowing you to identify value, predict the future of your accounts, and to see where your creative agency can become more profitable.

After completing school and dabbling in the industry, I eventually made my way to working as a… Past financial records organized and prepared for tax filing. Bookkeeping records are translated to help you actually understand your business’s financial picture.

Both Dropbox and Google Drive have phone apps so you can access them on the go. A simple electronic organization system can be the most effective (and affordable) solution for the freelance creative. That’s why we put together a basic course, Primed for Action, to get you up and running with QuickBooks Online. By breaking down its functions into bite-size tutorials, you’ll be able to not only use this essential accounting software with confidence but maximize its potential to help you grow.

Read books, listen to podcasts, take courses, read blogs… There is so much information out there when it comes to business finances. That is one reason why I created this blog, for you to have a place to come and learn about money management. From help estimating what HMRC tax you’re likely to pay, to complete management of your self-assessment return. QuickBooks Online is an important tool for your creative business. If you aren’t already using it we can help you review and straighten out your books to make the transition as painless as possible.