1. BillyxRansom

    BillyxRansom Active Member

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    hiring a bookkeeper/accountant re: business side of self-pub?

    Discussion in 'Self-Publishing' started by BillyxRansom, May 15, 2021.

    is this a common thing when going the self-pub route? i'm particularly miserable at keeping myself organized, so i'm wondering if this is a thing that is even a relatively common practice, or do i just need to buck up and learn to keep a system?
     
  2. marshipan

    marshipan Contributor Contributor

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    What's your current situation? Are you already making a certain amount or are you thinking about the future?

    If you just need to keep up with purchases now and again for deduction reasons, then I feel like hiring a bookkeeper would be overkill.
     
  3. Idiosyncratic

    Idiosyncratic Active Member

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    I don't know of any self-pubbed authors who have hired a bookkeeper, though many do use different software programs to help them keep track of things, such as Book Report, BookTrakr, Tracker Box, etc.
     
  4. hyacinthe

    hyacinthe Banned

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    If you don't want to do it devoting a portion of your income to someone who does is absolutely worth it. I did not join this game to fuck around with spreadsheets, I tell you what.
     
  5. SapereAude

    SapereAude Contributor Contributor

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    From what I see on their respective web sites, those are all "apps" to streamline keeping track of your sales, but they don't appear to be accounting packages that also track expenses.
     
  6. big soft moose

    big soft moose An Admoostrator Admin Staff Supporter Contributor Community Volunteer

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    I currently do my tax return myself... but I have an accountant that i use for advice occasionally and getting him to do it is in the plan... as soon as i cross the threshold where an ltd company and VAT registration will be worth it

    One thing i would say having run other businesses over the years is that even if you have an accountant you still have to keep track of your expenditure and income and be organised with receipts
     

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