Bookkeeping is an essential aspect of managing the financial side of an artistic career, and artists can benefit from working with an accounting firm like Accounts Junction. We specialize in providing comprehensive financial services tailored to the unique needs of artists, painters, and musicians. With our expertise in artist-specific financial management, Accounts Junction can offer valuable insights and guidance. We can handle bookkeeping tasks, ensuring accurate record-keeping and compliance with accounting standards. Moreover, we can provide tax planning and optimization services, helping artists navigate the complexities of tax regulations and identify deductions and credits specific to their artistic careers. Additionally, Accounts Junction can offer financial guidance and planning, assisting artists in developing budgets, setting financial goals, and analyzing their financial performance. By partnering with Accounts Junction, artists can focus more on their creative work while ensuring the long-term financial success of their careers.
# | Account Number | Account Name | Account Type |
---|---|---|---|
1 | 1010 | : Cash on Hand | Assets: Curent Assets |
2 | 1020 | : Cash in Bank (Operating Account) | Assets: Curent Assets |
3 | 1030 | : Accounts Receivable (Customer Invoices for art sales or commissions) | Assets: Curent Assets |
4 | 1040 | : Inventory (Art Supplies, Finished Artworks, Framing) | Assets: Curent Assets |
5 | 1050 | : Prepaid Expenses (E.g., insurance, studio rent paid in advance) | Assets: Curent Assets |