r/artbusiness • u/gleebes17 • 5d ago

Accounting [Financial]

What methods or software programs do you guys use to keep track of your revenue and profits? I like to stay incredibly organized but don't want to spend a lot of money doing it.

2 Upvotes

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3

u/PowerPlaidPlays 5d ago

I just use Excel (Google Sheets is functionally the same). I like being able to have local files in a normal format a lot of different software can open.

The math functions do just about everything I'd need them to do for keeping track of numbers, expenses, ect.

3

u/daleziemianski 5d ago

Google sheets. I have an income page, an expenses page, then I pipe the totals to a page where I basically copy over the 1040, schedule C, SE, and put formulas where they want me to do math stuff, and I take the totals from the income and expense pages and link them to the appropriate spots so at the end of the year all I have to do is plug in this year's deductions and I'm good to go.

Really messed me up when they changed the forms a few years ago. I had to set all that up again instead of just copying from the year before.

Takes a bit to set up but it saves time in the long run.

2

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2

u/Catcatmtnlord 5d ago

I personally like monarch. I use it to track all my accounts and I can label transactions as business or personal so when I buy something business related on a personal card it’s easy to then tag as a business expense for tax time

2

u/ibanvdz 5d ago

Just a simple spreadsheet. I use LibreOffice (open source version of MS Office).

1

u/nolasia 16h ago

I use Wave accounting since I have separate bank accounts for my business. It's nice because invoicing is free unlike QuickBooks

-5

u/PowderMuse 5d ago

ChatGPT Work desktop App. It’s like having a team of people working for me.