Learn how to set up a chart of accounts to track your company’s income and expenses.
Your company is unique, and your chart of accounts should reflect that. A QuickBooks chart of accounts for companies in the creative services such as artists, writers, and photographers will be based on the different services that each company provides.
Fill out the form below to download a free PDF with a QuickBooks chart of accounts for art, writing, and photography professionals!
Of course, setting up the right chart of accounts depends on your company’s services. Artists may have separate income accounts for coloring services and commission services, and an expense account for art supplies. Writers and photographers, on the other hand, will usually only have one income account for sales, and they will have expense accounts for industry-specific needs. Photographers will have expense accounts for costs like camera rentals, printing, scouting locations, hiring models, and property rental for photoshoots, while common expenses for writers include copyright fees, entry fees for contests, editing fees, agent commissions, and for books, magazines, and any reference material.
The services offered by professionals in your industry are vastly different from other industries; examples of such services include:
- Fine Art Commissioning
- Ghost Writing
- News Writing
- Concierge Services
This can be a lot of information to process, and we are here to help you every step of the way! Reach out to our team with any questions.