#4: Bookkeeping Basics for Authors: Essential Financial Management Tips for Writers

Gaining control of your author finances can help you earn more royalties... Do you want to run away at the first mention of money? Or finances? Or bookkeeping? WAIT! Before you run away, I know that many people are uncomfortable talking about money. BUT, you'll see that I'm going to make it totally painless to talk about your author business royalties and profit. In this episode, I'll cover: How to calculate your royalties and author-related expenses - without special software... How to easily save money for taxes - without complicated math... How to plan for future goals and author dreams - without sacrificing today's lifestyle... Finally, I'll challenge you with this week's action item. You'll quickly and easily create your own author business income statement - and totally understand it! Knowing where you currently are financially will help you get to where to want to be. Believe me, this will be a painless episode and very rewarding. Let's get started! Rate, review, and follow on Apple podcasts If you found something that resonated with you during this episode, I'd be so grateful if you would share it with someone else you think would benefit. Don't forget to follow for more actionable writing and publishing tips every Tuesday. Thanks for listening and have a fantastic week! Free resources for authors Here are some free resources to assist you on your writing journey: https://www.asselingroup.com/free-resources-for-authors/