Chapter 25

Accounting: How We Do It Ourselves and What We Turn Over to an Accountant

I can’t say I know many photographers who enjoy the accounting side of business. In fact, I know more accountants who’ve left the field to become photographers. There are so many financial transactions to handle—and I’m not even speaking of those photographers who have a large number of invoices. I am referring to the need to track expenses, expense types, vendors, tax records, cash receipts, reimbursement paperwork, and such, before you even have many invoices to handle. How about those credit card bills? That’s just one check to MasterCard, Visa, or American Express, but you’ve got meals, equipment expenses, and numerous other categories of expenses on that ...

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