Welcome
I'm so glad you are here. This is an exciting time. Gathering your information so that you can see the 'facts' of what you have already accomplished is really important. It will give you the hard evidence so when your fear or doubt show up and want you to stop, you can look at the numbers and recognize how far you have come.
There are a couple of ways you can approach this.
1) You can use the information from your previous years, as long as you are up to date on your income and expenses.
2) You can start fresh for the 2023 year.
Do you have your bookkeeping in order? No worries if you do not.
There are a few programs that I can recommend.
QuickBooks is a great program and I believe it only has a paid version. (The starting package is $11.00/month. Check it out here.)
The alternative is Wave Accounting. Wave is an online accounting program that is simply and versatile to use and it's free. (Check it out)
My philosophy is to keep the things that you pay for as an entrepreneur to a minimum, when there is an option. You can't avoid some costs like website hosting and emails services etc. But when it comes to accounting services, with a free option, I would recommend it. I've been using Wave for 10 years+ and I've been happy with them.
What is the the need for an accounting program in addition to the forms and things that we have below?
1) It's essential that you have a place to track your sales, expenses and taxes you collect or pay in purchasing your supplies.
Whether you collect taxes or not, it's still essential to keep track of your income and expenses. These are the numbers that are going to tell you if you are making a profit or not in your business.
There are a couple of ways you can approach this.
1) You can use the information from your previous years, as long as you are up to date on your income and expenses.
2) You can start fresh for the 2023 year.
Do you have your bookkeeping in order? No worries if you do not.
There are a few programs that I can recommend.
QuickBooks is a great program and I believe it only has a paid version. (The starting package is $11.00/month. Check it out here.)
The alternative is Wave Accounting. Wave is an online accounting program that is simply and versatile to use and it's free. (Check it out)
My philosophy is to keep the things that you pay for as an entrepreneur to a minimum, when there is an option. You can't avoid some costs like website hosting and emails services etc. But when it comes to accounting services, with a free option, I would recommend it. I've been using Wave for 10 years+ and I've been happy with them.
What is the the need for an accounting program in addition to the forms and things that we have below?
1) It's essential that you have a place to track your sales, expenses and taxes you collect or pay in purchasing your supplies.
Whether you collect taxes or not, it's still essential to keep track of your income and expenses. These are the numbers that are going to tell you if you are making a profit or not in your business.
A note about collecting taxes.
To print out - one of these two files.
The 2 page file has 6 months per sheet whereas the 4 page file has three months per sheet.
The 2 page file has 6 months per sheet whereas the 4 page file has three months per sheet.
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Download the appropriate file for your computer system as there are many spreadsheets in here that we will be working with.
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This one is great if you are on a Mac computer
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If you are on a PC you will need this one.
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These are for you to download and use if you wish.
This is a beautiful document that you can give your clients when they purchase a piece from you. It's a signed record of the details of the piece.
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Pricing websites to compare pricing with similar work to your own.
https://www.saatchiart.com/
https://www.artsy.net/
A wonderful free resource online for timing your work is:
https://clockify.me/
Here is the printer that I use for my Giclée Prints and wholesale frames. Their website is designed so you can put your size or print or frame into the search feature and it will give you a quote for the price right there. Once you have purchased with them a few times you should qualify for their 25% off discount.
https://www.canadaoncanvas.com/
Note: Great company to work with. If you need something by a specific date, be sure to note that in the comments when you order. It can be work calling to make sure they have this date. They are really good about getting things out on time, but sometimes miss the timing on the order.
https://www.saatchiart.com/
https://www.artsy.net/
A wonderful free resource online for timing your work is:
https://clockify.me/
Here is the printer that I use for my Giclée Prints and wholesale frames. Their website is designed so you can put your size or print or frame into the search feature and it will give you a quote for the price right there. Once you have purchased with them a few times you should qualify for their 25% off discount.
https://www.canadaoncanvas.com/
Note: Great company to work with. If you need something by a specific date, be sure to note that in the comments when you order. It can be work calling to make sure they have this date. They are really good about getting things out on time, but sometimes miss the timing on the order.
