For most business owners, accounting is a scary topic to think about. But fear not, artists! We have created a dead simple way for you to handle your accounting with Art Storefronts. A way that will make both you and your CPA happy.
The basic concept is this: You should not be entering in every single customer order into your accounting software. This is not only cumbersome, it is unnecessary because the data already exists within the ASF platform which both your accountant, and the IRS for that matter, can access if you make it available to them.
Therefore, all you need to do is make simple a bulk entry that summarizes your sales, shipping, and taxes. If you want to make this super easy on yourself, you can do this once per year after the year concludes. If you want to have monthly reporting, you will make one bulk entry per month.
That's it. Doing anything else is likely unnecessary and will just waste time you could have spent elsewhere!