Photography Business | Accounting 101

// Photography Business

KDickerson_FEB13_TeaserBIG

I am going to start off by saying that for any specific questions about accounting as it pertains to your business and state, you need to speak with a local CPA. I have a degree in Business Finance, but hiring a CPA is crucial for anyone who owns a business. You can choose to do your own bookkeeping, however, laws constantly change and hiring a CPA for reference and annual filing, in my opinion, is a necessity. I am going to give you general pointers and show you how to organize the booking side of your business. This is one area that everyone struggles with and it will continue to be a struggle and headache until you take the time to make things happen.

Day-to-day bookkeeping is something that you can outsource or choose to do on your own. Depending on the volume of your revenue the capital might not be there to outsource. A lot of photographers are
scared of this aspect of their business, but this part of your business is what you should know the best – how to look at ROI, how to see your net profit on a job, etc. Without knowing these vital aspects of your
business you are driving blindly through the year. When you choose to open a photography studio you are a business owner first and a photographer second.

Get the full story

To read the full article, launch the digital version of the February 2013 magazine.

You might also like:

Leave a Reply

Want more content like this?

Check out our recent posts

on camera direct flash tutorial thumbnail

On Camera Direct Flash Tutorial

Have you tried using on-camera flash for your studio portraits? As a professional photographer, I’ve always been taught to take the flash off camera to create more directional light. In this video of on camera direct flash tutorial for lighting, I will show you how to work quickly and easily using on-camera flash to create some very unique and interesting portraits.

Read More »
5 easy poses for boudoir photography thumbnail

5 Easy Poses for Boudoir Photography

Posing for boudoir photography is always a challenge. In this video, I will show you some easy tips to posing your clients. Not every client is a model – so we need to find an easy set of poses to get them started. Once they get comfortable in front of the camera, you can then work on more advanced poses and lighting techniques to build on for the images you create.

Read More »