So my action item for today was to set up a QuickBooks file for my writing business.
Having accounting in order is probably the most difficult task of owning/ operating a small business or being self-employed. They sure don't make it easy, yet it can be done.
I was lucky to already have QuickBooks because my husband was using it for his business. There wasn't exactly one for freelance writer or at least not one that I have found yet. I'll continue to look. I just used the Marketing and Public Relations for now because it was the closest type of business to what I'd be doing. So we'll see how it goes.
If you are just starting out there are spreadsheets and easy accounting programs that can get you started for less money. However if you can invest in a good small business accounting program and get it set up by an accountant it saves a lot of headache down the road.
A few weeks ago I opened a really simple bank account that I'll be using for now and then upgrade as time goes by. If you plan to take your writing seriously enough to make it a prosperous business it is a really good idea for tax purposes to have a separate checking account to run your business out of and not to use it for personal expenses. This way easier to say than to do. However in writing, blogging and web content creation it is difficult to prove until you are making the big bucks whether it is a hobby or a business. Whether it is a hobby or a business means a lot as far as taxes and exemptions are concerned. Which I can talk more about on another blog. Anyway long story short don't mix business with pleasure financially or the IRS gets mad at you.
The other important thing I did was to start a business account with PayPal that is because that is the way I get paid by sites like Associated Content, Helium.com and others you can even receive payments from sites like this one on Weebly.com. Please see my donate key on the Home page. :)
So things are moving a long. I am working on the foundation work and it feels pretty good.
Well that is it for today. I have a few articles to write that need to be finished today.
Create an amazing day!
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Sophia Tesch is a graduate of the Hugh Downs School of Human Communication at Arizona State University. Sophia is a community advocate. She lives in San Tan Valley, Arizona with her husband and children.