What kind of documentation do I need to send PPAs Studio Management Service for them to be able to do my monthly or quarterly accounting?
You will need to send information about your receipts and disbursements for the month or quarter, depending on which frequency of preparation you choose. Depending on how a studio tracks its finances, this could be in the form of financial reports from your accounting software, a summary of check stubs and bank statements, or copies of any manual ledgers that you keep. Expenditures will need to be classified as either cost of sales, operating expenses, or capital expenditures. Receipts will need to broken down by the source of the income, i.e. weddings, children portraits, family portraits, seniors, etc. If you do not currently track the financial results of your business in this manner, PPA’s Studio Management Services will provide you the forms necessary to organize your information. This allows for the proper analysis of your business, which will give you the information you need to become more profitable.
Related Questions
- What kind of documentation do I need to send PPAs Studio Management Service for them to be able to do my monthly or quarterly accounting?
- Is PPAs Studio Management Services a bookkeeping service, an accounting service, or a management consulting service?
- How can PPAs Studio Management Services effectively manage my accounting from Atlanta?
