Archive for bookkeeping

Tools for Your Photography Business – Financials

This is the second in our series looking at essential tools for your photography business. We’re going to be looking at some of the essential tools you’ll need to acquire in at least the first year (if not the first month) of your business.
 
Other articles in this series –
Part 1  – Software and Online presence
 
This article is written with a UK audience in mind – especially regarding certain specifics with regards to Tax…….. the general message should be fairly universal though.

Part 2 – Financials

Forget the love for the medium or aspirations of finally winning the praise of our contemporaries…….. it’s all about the money at the end of the day………. Unless of course your business isn’t concerned with such irrelevant things money….. then it won’t in fact be a business at all so you’ll have no reason to read on…..

There are a few things that need to be done correctly when running any business and dealing with the monies is right up there.

Your business Account

Get yourself a business account even if you are working on your own and getting paid in cash which you then hide in plastic bags around the house. At some point someone is going to give you a cheque and accounting gets very confusing if your outgoings and incoming are all muddled with your personal transactions and weekly grocery big shop. Read More→