Whether it occurs once a month or once a year, you need to categorize each and every expense, so it can be accurately entered in your general ledger. If you work as an independent contractor—for instance, leading group sessions at a recovery home—you may want to break this out into a separate category, like Contract […]
Category Archives: Bookstime
It is a process of keeping a record of your income (money received), expenses (money spent), assets (items owned), and liabilities (debts owed). This would mean recording client payments, materials purchases, payroll expenses, equipment costs, and more for artists. Preparation for taxes is one of the most integral steps of bookkeeping and accounting for painters. […]