Oh, Accounting ... How Cruel Ye Be
Well, folks, Andrés Cruciani of Toho Publishing here, and it is a new year! Huzzah!
Namely, I was looking at our accounting and, frankly, it's a mess. Now, of course, normally a company wouldn't tell you this. But we're only a few months old, and I thought some of you might find the process of how we're building this company out interesting.
The truth is, I have no accounting experience, and without that experience, I had no way of realizing just how intricate accounting is! But there's no way to become the best small publishing company out there without having a solid accounting practice, so developing that practice will be one of the big goals for this first quarter. Namely, I'd like to:
get a business credit card (actually, a couple of them for a few other members on the team to use as well)
begin to faithfully use Quickbooks (linked across everyone spending money on the company—if that's possible)
either build out our accounting excel sheet or move to a piece of accounting software (that specializes in billable hours or project-based income)
Then, lastly, we need to get those numbers to look good! And that means we will have to focus on selling more books and bringing in author clients who are looking to have their novels edited.
Anyway, that's all for today! Happy new year! Enjoy the day off (if you have it)!