Dos and don’ts of bookkeeping for photography businessDos and don’ts of bookkeeping for photography business

Whether you are just starting with your photography business or you have full-time, it is a good idea to treat your business as a legitimate one. This means you should advertise and market your services in order for your business to reach a wide audience and help you reach your business goals.

One important thing in running your photography business is keeping track of your finances. Although it is not as exciting as doing photoshoots or editing pictures, bookkeeping is just as important.

Bookkeeping for the photography business doesn’t have to be difficult. Here are some do’s and don’ts tips for you so you can approach your bookkeeping with confidence.

Do’s

  • Have a basic understanding of bookkeeping.

Even if you assigned someone to do it for you, you should have at least know how to track your expenses as well as your income.

  • Keep your receipts or at least back it up

Receipts always get lost or crumpled. Sometimes it fades and becomes useless. Spend a few minutes uploading copies of receipts to your preferred online storage.

  • Automate

Use an accounting program that works best in your line of business. This will make the process easier and faster.

  • Ask for advice

When it comes to accounting, some things are too complex to handle especially if you have no accounting background. Ask someone if to help you if there is something you can’t figure out.

  • Hire someone that is familiar with your industry

Keeping track of finances, especially taxes, can be complicated. Hiring someone may be costly, but it’s always better to know that it is done correctly than do it yourself and struggle with mistakes. Click here to find someone who can help you with the bookkeeping job and more.

Don’ts

  • Don’t mix personal and business assets

Operating your business using your personal bank account is not a good idea. You should open another account and use it for your business transaction alone.

  • Do not use money allocated for taxes/payroll to other uses

The money you hold intended for mortgage, taxes or payroll should not be touched and used for other purposes.

  • Do not delay everything

Keeping track of your business’s finances should be done in real-time for you to make a smart decision. Make sure you update your bookkeeping record at least two times a week and do not wait for the deadline for you to get started. 

Why do you need bookkeeping?

With bookkeeping, you will be able to know where your money is going. You’ll also know if your business is making a profit or not. This will help you in making financial decisions in order to keep your photography business running smoothly.

If you are doing your books, you will be able to produce reports that will help you have a better understanding of how your business is going and if your profit is enough to cover your expenses. If you encounter some issues, at least you can plan ahead for the future.

The reports can also help you, especially if you are planning to get a business loan or look for investors. You can easily share the financial reports and have them decide whether your business is something they are willing to take a risk on.

And if you have employees in your photography business, you can share the reports as well so that they will be updated on how the business is doing so far. It’s best if they know if the business is good enough to keep them employed at least for the next few months.

If you are not up for doing the bookkeeping task yourself, you can always hire a helping hand. Either you hire an accountant that you can include in your payroll or hire a third party like a bookkeeping service from a trusted company that can help you look after your photography business accounts. 

Bookkeeping is crucial for any business. Not only you will be able to keep track of the money you are making and spending, but it also helps you in your decision making. It is a vital tool that gives your business a reliable measure of your performance and enables you to manage your photography business in a much better way.

How To Wrap A Painting/Picture?How To Wrap A Painting/Picture?

Here we show you step by step a simple and quick way to wrap canvases. Remember that when transporting works of art, a thousand incidents may occur, so we must try to minimize the risks.

Cut a piece of plastic sheet with bubbles large enough to completely wrap the paint.

Extend the bubble wrap (with the side of the bubbles facing up) on a flat surface.

Cut a piece of polyethylene plastic sheet of the same size and put it on the bubble wrap you have cut.

Cut a sheet of hard cardboard with the outside measurements of the front of the frame.

Place the cardboard on the plastic and secure it in place: the back wrap. Verify that it is rigid enough so that it does not bend and touch the surface of the painting.

Carefully place the work of art on the cardboard, with the front face down. Now wrap the canvas with the plastic tight.

Close all the edges with adhesive tape to create a resistant seal. Carefully seal the corners. Then do the same with the bubble wrap allowing the edges to overlap on the back face.

It is done! You have your canvas ready to be transported or placed in a packing box.

In the case of works with dimensions or shapes out of the ordinary, you can also choose a custom made drawer to ensure that they fit without problems. One factor that should not escape us is the importance of working with experienced movers, as this will help to minimize the risk of damage further because they use platforms and separators in their trucks that prevent unique items from entering contact with the other elements.

Remember that if you are going to use a moving or shipping company, you should make sure to label the canvas as ‘Fragile.’ many works of art are destroyed because of unreliable parcel delivery companies, although the most normal thing is that everything goes smoothly.

How To Wrap A Painting?How To Wrap A Painting?

If you need to send an unpainted canvas or a finished work of art, you will want the shade to arrive safely to its destination. Whether it’s for a move, a gift to a friend, or an art gallery, to make sure the canvas travels smoothly, it must be wrapped securely. Protect it and prepare the frame to avoid damage and breakage is essential if we want our art to arrive from one piece to its destination.

When wrapping tables we not only have to worry about the canvas being hit and physical damage. There is much to worry about when it comes to protecting a cloth in transfers! Whether sending the boxes by mail or taking them in your vehicle, here you will find tips to take care of your works of art in the best possible way.

What material to use to protect your painting?

You have to think that transporting works of art is a delicate task. First of all, we recap the materials that we can use to protect framed canvases and paintings. There are four specific packaging for portraits and works of art:

Plastic with bubbles: special paper that prevents the packaged shade from transpiring and suffering physical damage.

Cardboard box: helps protect the artwork (previously protected by plastic bubbles).

Wooden cage: the piece is fixed on it. For greater protection, it is covered with sheets of foam rubber.

Wooden box: used in professional removals and those related to museums and exhibitions like the practices at picture framing sydney. It is the safest option, and it is recommended to add grip handles to move the wooden box without mishap.

To avoid misfortunes and accidents if we are transporting a painting ourselves, we should keep the canvas fixed and fixed inside the vehicle itself. Also, if we have the opportunity to use more than one packaging material of which we have cited in the list, much better.