Accounting for Artists, Musicians, Painters & Creative Freelancers

We can help lighten your load by handling your books and helping prepare you for the future. By keeping your financial records up-to-date, you are not only able to make better business decisions, but also comply with tax laws and regulations. Therefore, it is essential to dedicate time on a regular basis to maintain accurate financial records. Utilizing accounting software is a crucial step in mastering bookkeeping for your painting business.

• In this episode of The Painters Podcast, we chat with Glenn Brien from Surepaint.
• Throughout her career with bookkeepers.com, she has started and grown their social channels, as well as building an online community of 10k+ members exclusively for Bookkeeper Launch students.
• A solid accounting strategy helps you understand your business, keeps everything organized for taxes, and ensures you’re always compliant with local tax laws.
• Sometimes, one little niggle can make a huge difference in the mind of a client which will, of course, play a part in their overall view of your business and their experience.

Join Hannah Robinson & Melissa Honan every Tuesday and Thursday to geek out on Bookkeeping. If done wrong, content collection can become something that clients dread, which is exactly what Melissa saw within the feedback provided to her regarding the onboarding process. Having an efficient filing system helps you access crucial documents with ease and saves you time during tax season. Consider using categories such as income, expenses, invoices, contracts, and receipts to structure your filing system. Use a consistent naming convention and date format to make it easier for yourself or your accountant to locate and track documents.

Implement an organized filing system

Our experienced professionals will clarify your business’ current financial health, as well as help you create and implement a strategic business plan for short-term security while building long-term success. Recording financial transactions, tracking expenses and managing invoices are all important components of effective bookkeeping. Yet, it can be challenging for many painting business owners to keep up with these tasks, leading to costly mistakes down the line. If you are running a small painting business, it is sometimes difficult to keep everything in order and avoid financial bookkeeping mistakes and traps. To organize your painting business properly, you need some bookkeeping knowledge to keep your business moving.

• Be sure to take advantage of our free 30-minute consultation to find out more about how we can be of benefit to your painting business.
• Sometimes it is tempting to use your personal bank account for your painting business too, but it is always suggested that you keep your personal and business money separated.
• In conclusion, mastering bookkeeping is essential for the growth and success of any business, including a painting business.
• Keeping accurate financial records is vital to know how your business is doing.

And that might mean needing to tweak how we present what they need to them. Coming from a sales position in retail herself, Melissa knows more than anyone how to explain bookkeeping in a way so that people can understand https://www.bookstime.com/articles/cash-flow-statement it. With 15 years of sales management experience, she can give you proven tools to teach ANYONE how to sell confidently. In this edition we talk Jo Kirley the Recruitment Manager from Aussie Painters Network.

Bookkeeping For Painters: The Main Responsibilities

Keeping correct records assists accounting for artists, bookkeeping for artists, accounting for artists, accountant for musician freelancers and artists to be tax prepared. As a painting business bookkeeper, one of your major tasks is to record and classify every transaction that your business makes. You need to have confidence in knowing meticulously where the money is flowing toward your company bank accounts, and where this money is being used for.

That’s going to get you so much further than transactional sales that are made from a list and no heart. Scaling your business can not only feel overwhelming— it can feel damn near DAUNTING if you don’t have the techniques you need to sell comfortably. I interview Melissa Honan, the CEO of Bookkeeping for Painters and the founder of Melissa Honan Consulting. We dive into the unique sales approach she’s taken to building her firm to $1.5 million and how you can apply these same tips to create a better sales experience for you and your prospects. He explains how to work out your business costs to ensure you are not under pricing yourself.

Episode 2: Adjusting Month End Close Due Dates to Better Manage Client Work

Our accounting services help paint a clear picture of the financial health of your painting business. Our experience has shown over and over watching other contractors mistakes that it never, ever works as well as you think it will. As a professional in the painting industry, managing your books may not be your forte. But, by mastering bookkeeping, you can ensure your business is financially healthy and well-positioned for growth. When the time of filing taxes arrives, small businesses that have organized books containing everything that is happening in the business can manage their taxes effortlessly.

• Bookkeeping For Painters is a business helping painters that are paying too much in taxes and struggling to keep up with their bookkeeping.
• Our flexible financial reporting, bookkeeping and consulting services are a great fit for all painters and painting companies across the nation.
• Using their feedback as data can make sure you’re still in alignment, providing what they need for their current pain points.
• One good approach is to make the process electronic for speedier transactions.
• She discusses the ins and outs of employing apprentices as well as employer incentives and the benefits of upskilling your current unqualified brush hands and labourers.
• He is very open about his experiences and shares his knowledge for others.

For painters, this software will quickly become a vital tool for managing the day-to-day financials of your company. We will assign a QuickBooks expert to review and cleanup any previous QuickBooks bookkeeping mistakes which means your bookkeeping and financial reporting headaches are a thing of the past! And as part of our outsourced bookkeeping services for your painting contractor company we will make sure your QuickBooks setup is done right. In addition, it’s important to stay informed of any changes or updates to compliance regulations in order to avoid any potential legal issues.