Fundamentos de contabilidad
Lesson time: (1min 20sec)
Chris explica lo básico para llevar el registro de tus ingresos y gastos musicales en una hoja de cálculo, y por qué importa guardar todos los recibos.
Course preview
This lesson is part of the course Fundamentos del negocio de la música para artistas
Watch a preview of the full course below.
Lesson transcript:
Keeping Track of Income and Expenditure
In order for students to understand how well they're doing in their trade, they need to maintain a spreadsheet that documents both:
- Income Coming In
- Expenditure Going Out
Now, this may sound simplistic, but there is no magic formula; it's really just about tracking what's coming in and what's going out. At the end of the day, the goal is to have a balance where hopefully, you have more income than expenditure.
Importance of Basic Accounting Knowledge
As far as their accounting is concerned, students must have a basic knowledge of what this means, which includes:
- Keeping receipts for all purchases
A Real-Life Example
A young artist came to see me in September of 2014 and said, "I think I'm going to be signed at some time in the near future. What do I do?"
We provided him with guidelines, which included:
- Keeping receipts every time he bought new strings for his guitar
- Documenting travel expenses on public transport or any other transportation
By following these basic steps, students can ensure they are keeping track of their financial health effectively.
