Table of Contents in Accounting

• Introduction
• Why Do You Want to Keep Books?
  • Federal
  • Self-Employment Taxes
    • Withholding
    • Social Security
  • State
  • County
  • City
  • Other Tax Licenses
• What ARE the Books?
  • Accounting Terms for a Sole Proprietor
• Cash versus Accrual Basis
• Recordkeeping
  • Paper-Based
  • Computer Programs
• Finished Goods Inventory
  • Three Reasons to Record Information About Your Artwork
  • Convenient Reasons to Track Inventory Information
  • What Do I Need to Track for Inventory?
    • Title, Serial Number, Copyright
    • Dimensions, Story, Media, Technique, Batting
    • Costs
    • Credits, Location, History
    • Collectors, Mailing Lists
    • Odds ‘n Sods
  • Computer Database Programs
    • Form for the Computer-Resistant
• Expenses
  • Three Groups of Deductions
    • Four Rules for an Expense to be Deductible
  • Chart of Accounts
    • Iffy Expenses
  • Information and Tax Forms
  • Personal Property Tax
  • Home Office
  • 1099-MISC Forms
  • Keeping Track of What I Spend (& How I Spend It!)
  • Ack!!! I Used Business Money to Buy Something for Myself...!!
• Financial Statements
  • Income Statements
    • What is Income?
  • Balance Sheets
• Sales Tax
  • Mail Order (Out of State Sales)
  • Layaways, On Spec, and On Credit
  • Barters and Trades
• Fiscal Records
  • Paper Fiscal Records
    • Income Record
    • Expense Record
  • Periodic Fiscal Records
  • Documents Records
  • Payroll Record Requirements
  • How Long You Have to Keep Records