Let’s talk bookkeeping! Part 1 – Assets

Assets are purchased or acquired items that have a long life to them and might be easily converted to cash if you need it. Assets include several different categories: cash, accounts receivable, fixed assets, other current assets, inventory, land, buildings, equipment, etc. For the artist, the main accounts you'll be concerned with are cash, equipment, … Continue reading Let’s talk bookkeeping! Part 1 – Assets