• EP 390 - Author Accounting Made Simple with D.F. Hart

  • Nov 29 2024
  • Length: 52 mins
  • Podcast

EP 390 - Author Accounting Made Simple with D.F. Hart

  • Summary

  • Mark interviews author D.F. Hart about 2 of Harts Business Services, a company she founded with her sister by empowering indie authors and small businesses through bookkeeping services that not only track the ‘in and out’ but also provide tailored product analysis reporting to assist authors in growing their business. Prior to the interview, Mark shares comments from recent episodes, a personal update, and a word from this episode's sponsor. This episode is sponsored by the 2024 Novel Writing Storybundle - Only available until the end of November 2024. In the interview, Mark and DeAnna talk about How long it has been since D.F. Hart and Mark co-authored a book (Accounting for Authors) in March 2022The work she has done as an accountant which started with Wide for the Win, an indie author, and a local newspaper back in April 2022Walking away from her full-time day job in July of 2024 in order to have the time to support the growing roster of clients she works withThe various specific things that she is tracking for her author clients every monthHow book-keeping firms from outside the book industry might not effectively classify sales by the unique formats and categories, which can help authors track trendsNever asking for platform login information out of respect for the confidentiality and privacy of their clientsThe benefit of having a balance sheet and a profit and loss statement that makes it easier for a CPA to get their taxes done more efficientlyHow there is a difference between an MBA and a CAP - ie, that the services DeAnna offers do not include taxesDeAnna's recommended 30/30/40 split rule for managing incomeThe importance of trying to figure out what your own time is worth when you're determining which tasks you'll be doing yourself and which tasks you'll hand over to othersThe initial consultant DeAnna will do with a potential client who is interested in leveraging the 2 of Harts Accounting servicesHow DeAnna and her co-owner/founder sister have a combined 47 years of accounting experience between themThe impact that running this full time service for authors has had on DeAnna's own writingAnd more . . . After the interview Mark reflects on the payment cycles for authors and then also talks about a special virtual workshop that DeAnna will be running for his patrons. Links of Interest: 2 of Harts Business ServicesAccounting for Authors (Book)Wide for the Win: Getting The Most Out of In Person ConferencesAuthors Giving Thanks: A Self-Publishing Insiders ThanksgivingWriter BewareStorybundle.com/writingEP 155 - Rebel Reflections with Guest Host Sacha BlackEP 133 - Anatomy of a Rebel with Sacha BlackEP 387- Rambling Reflections From The Disappointing AftermathEP 389 - "Now You've Gone" with Cathy Rankin & Ken K. MaryOne Hand Screaming: 20 Haunting Years Books2Read Link Shop Local (Canadian Indie Bookstore Lookup)Mark's Stark Reflections on Writing & Publishing Newsletter (Signup)Buy Mark a CoffeePatreon for Stark Reflections How to Access Patreon RSS Feeds An Author's Guide to Working With Bookstores and LibrariesThe Relaxed Author Buy eBook DirectBuy Audiobook Direct Publishing Pitfalls for AuthorsAn Author's Guide to Working with Libraries & BookstoresWide for the WinMark's Canadian Werewolf Books This Time Around (Short Story)A Canadian Werewolf in New YorkStowe Away (Novella)Fear and Longing in Los AngelesFright Nights, Big CityLover's MoonHex and the CityOnly Monsters in the Building The Canadian Mounted: A Trivia Guide to Planes, Trains and AutomobilesYippee Ki-Yay Motherf*cker: A Trivia Guide to Die Hard DeAnna Hart is an Accounting veteran with over twenty-seven years’ experience and a deep background in multiple industries including manufacturing, wholesale distribution, commercial construction, higher education, rotorcraft services, and industrial equipment sales and rental. She’s done it all, from full cycle Accounts Payable all the way up to preparing monthly financial statements and everything in between. DeAnna holds a Masters of Business Administration with Accounting concentration. She’s also a fellow indie author! Her pen name is D.F. Hart, and with nineteen titles and counting under her belt – including Accounting for Authors – she understands the nuances and challenges specific to self-publishing that indie authors face. The introductory, end, and bumper music for this podcast (“Laser Groove”) was composed and produced by Kevin MacLeod of www.incompetech.com and is Licensed under Creative Commons: By Attribution 3.0
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