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Saturday, December 08, 2007 I Love Numbers (but not math)

Big numbers. Little numbers. Royalty statements that tell me how many books I sold and how much I made. Expense statements that tell me that I can deduct things from my taxes. It's filing day here at my house, and it's a good day for it too. The weather person, who really sounded as if she didn't know what was happening anyway, was wrong. The sleet started about 10, not the 4pm that they were promising. And either way, my trip to Iowa City was (once again!) cancelled. Next weekend. I swear.

Well, since I'd been procrastinating on my filing, decided to take care of that today. For the writers out there wondering how to organize income and expenses, I use Quick Books simple start edition. It's free. I can put up to twenty "vendors" in it, which means my four publishers, plus categories for things like "usps" "TRS Membership" "online classes" etc. Then, I use their sales receipts function every time I get a royalty check/statement. And I record expenses paid by cash (even if I used a credit card), to record expenses. Viola! Instant P&L statement, and it's rumored that it'll even print out a Schedule C for me. Hooray!!!! No more sitting at my desk with mountains of papers and receipts come tax time.

I also have an excel spreadsheet on which I track every month's sales # wise and royalty wise. This is good. Not only do I have a running total of numbers of books sold over the year, but also over the life of the book. I can tell you that Bjorn's Mate is my hottest selling title by far and that makes me really happy because I love my polar bears and just as soon as I finish the next StarMyst book, which in my mind is WAY overdue, I'll be starting on Kjell's story.

So why am I telling you this? Besides the fact that I'm a Capricorn and working with numbers in this fashion makes me really happy? Yes, I'm a spreadsheet ho. LOL!!! Because, with tax time being around the corner, I don't want you to be like me last year, frantically checking and rechecking numbers trying to make it right. There must be an easier way, I thought. And I found it.

Plus, I find this all fascinating and hope you do too!!!!

Posted by Mary Winter :: 9:28 AM :: 0 comments

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