Accounting for the Independent Publisher, with guest Lisa London

Lisa London, CPA, author, and publisher, discusses many of the specialized points of accounting that every publisher needs to know

This podcast looks at many of the things publishers need to know when setting up and using accounting packages to manage revenue, expenses, and taxes. Among the subjects mentioned are:

keep it simple!
automate everything you can
is Quickbooks a good package for publishers? are there others?
how to manage royalties
the importance of understanding the contracts you sign and their related costs
aligning items to your accounting needs and to proper categories
the need to be consistent
the need to document
using attachments in Quickbooks
working with e-commerce sites that feed into your accounting package, and vice versa
putting money aside to pay your taxes
capitalization rules changes ahead
thoughts on use tax: does it apply to your business?

Some of the goods and services mentioned in the podcast include:

Xero accounting package: https://www.xero.com/
Sage accounting package: https://www.sage.com/en-us/
Quickbooks accounting package: https://quickbooks.intuit.com/
Zapier.com utility: https://zapier.com/

Lisa’s book Banish Your Bookkeeping Nightmares is here: https://goo.gl/LWSGHa

Lisa’s publishing company Deep River Press is here: https://deepriver.press/

Follow Lisa on Twitter at @LisaLondon3

or on Facebook at AccountantBesideYou

and also see http://AccountantBesideYou.com

Notes on the Q&A segment

Here is a list of attorneys IBPA has worked with in the past. They all know the world of publishing. This list is not an endorsement but is provided for informational purposes only.

Jonathan Kirsch, [email protected], 310-785-1200
Lloyd Jassin, [email protected], 212-354-4442
Steve Gillen, Wood, Herron & Evans, LLP, [email protected], 513-241-2324
Jon Tandler, Sherman & Howard, [email protected], 303-299-8142
Lloyd Rich, Law Office of Lloyd Rich, [email protected], 303-388-0291

Participants

Lisa London is a CPA and the primary author of The Accountant Beside You series. Her experience as an auditor, a director of finance of a Fortune 500 company, and a consultant for small businesses and nonprofits has given her the skills to explain complex items in an easy-to-understand manner. She also recently released her first work of historical fiction, Darker the Night. Follow Lisa at https://accountantbesideyou.com/

Peter Goodman (host) is publisher of Stone Bridge Press in Berkeley, California. He began his publishing career in Tokyo, Japan, in 1976. A longtime member of IBPA, he has served on the IBPA board and as IBPA board chair.