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Spring Clean Your Finances: A Little Organization Goes a Long Way - PPA Today

Spring Clean Your Finances: A Little Organization Goes a Long Way

Do you have a storage closet? If so, do you stuff items in wherever they'll fit, or do you neatly stack the winter coats on one shelf, extra batteries and light bulbs in a labeled basket and so on? As your mother probably told you, a more organized closet means items can be found quickly. And that means they are more likely to be of use to you in the future.

Same goes for your business finances. You can't improve what you can't measure, and you can't measure what you can't find. So, let's dig into those accounting books and do a little spring cleaning--which is a whole lot easier than you think.

The first step to better understanding your numbers is a specific organization. We call it "managerial accounting."

This Organization Works

When you think of accounting, you probably think of an accountant or software like QuickBooks. Yes, they give you tax-based accounting for preparing accurate tax returns, but that will not help you manage your business more effectively on a daily basis. What you need to do is restructure that same data so it's useful to YOU--an artist and business owner, not an accountant.

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About this Entry

This page contains a single entry by Professional Photographers of America (PPA) published on April 17, 2012 8:30 PM.

PPA Council Nominations Begin was the previous entry in this blog.

Understanding PPA's Benchmark Language is the next entry in this blog.

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