The Writer’s Workout
Writers Are Accountants
By Nancy Ann
Most writers write because they love to do so, yet they also would love it to become a lucrative career. If you dream about writing for your bread and butter, you must watch and keep track of your expenses. This is true whether you sell 10 books per year or 10,000 books per year, tidy record keeping will benefit you.
Before you dash out and purchase a $15.00 to $20.00 expense book, be aware that you can easily account for all of your purchases (and earnings!) using an Excel spreadsheet that you can create and design specifically for your needs. Think about it, had you purchased an expense book from an office supply store, you would have entered that expense in the book itself!
By creating your own worksheet, you have just eliminated one expense. The idea is to generate as much income from your work with minimal expense. Sure, $15.00 or $20.00 doesn’t sound like a lot of money, but in my case, that cancels out at least one book sale.
Once you start tracking your expenses, you’ll see how quickly these things add up. That’s why I frequent the used office furniture stores, Goodwill, and even hit the back to school sales for my notebooks and pens. Every penny counts!
You don’t need all of the fancy office supplies to keep records, you need only to keep your records organized.