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Artist Myth #8: If You Just Do Your Art, Everything Else Will “Work Out”

Many artists would love to have their only job be to create works of art, so that they could be in the studio or outside most of the time. It is the reason we chose this profession. It is what feeds our souls, but it isn’t enough to feed our bank balances. ~Aletta de Wal

 
 
Heart Thirds ©2011 Lezley Davidson, watercolour, 6 x 6
 
 
Here’s the link that I forgot to put in the video (derp):
Art Biz Blog >> Go to Blog >> Search “Inventory Systems” in the search bar to bring up all the software for artists and other useful stuff about getting your art organized.
 
 

 
 
I’m totally not an accountant or financial expert and I’m certainly not offering you financial advice. If you want to, you can get this handy spreadsheet to keep track of your business expenses for tax purposes, when you join the email list.

This is one of the great resources available in The Library.

The headers are the same as the ones found on your actual Canadian tax return (I used UFILE.ca). I did remove the Meal Expenses for Long Haul Truck Drivers. (sorry if that’s a problem) 😛

Each section has a SUM total, so you can slot your receipts in and it’ll spit out the total.

***CHECK THE MATH ON THE FORMULAS FOR YOURSELF***

I’m pretty sure it’s okay, but I DON’T GUARANTEE YOUR NUMBERS – you want to make sure your totals are accurate… sometimes stuff happens with software and formulas and you want to make sure that you have accurate expense totals for the governement.

***CHECK THEM YOURSELF***

 

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Download Your Business Expenses Spreadsheet

 

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Rent Cheque ©2012 Lezley Davidson, watercolour, 6 x 6
Sadly, your love for art alone, can’t pay your rent.
 
 

Click here for Artist Myth #9 >>