Bookkeeping Services for Art Dealers

Bookkeeping and Accounting for Art Dealers

In search of a bookkeeper and accountant for your art dealership? We handle your books, freeing up your time to discover and promote finest pieces of art. Try our services for free.

* No Debit/Credit Card Required
Accracy Accounting Online Remote Bookkeeping Services for Art Dealers
Accracy Accounting QuickBooks Certified ProAdvisor
Accracy Accounting Xero Certified Advisor
Accracy Accounting Gusto Payroll Certiication
Accracy Accounting Fathom Certified Advisor
Accracy Accounting Karbon Certified Expert
Free 1 Month Bokkeeping Trial

New Customer Offer

We are offering free 1 Month Basic Bookkeeping to all new customers so you can experience Accracy's seemless and professional services.

* No Debit/Credit Card Required

How Accracy works with Art Dealers

In search of a bookkeeper and accountant for your art dealership? We handle your books, freeing up your time to discover and promote finest pieces of art. Try our services for free.

Accracy Accounting CPA CA Oversight
We get you set up

Our team takes the effort to thoroughly comprehend your art dealing business, respond to your inquiries, assist you in connecting your accounts, and demonstrate how Accracy can efficiently assist your operations.

Accracy Accounting Digital Fluency
We do your bookkeeping

Each month, your dedicated bookkeeper categorizes your art dealing transactions and authors comprehensive financial reports. Should they require any additional information, they will promptly reach out to you.

Accracy Accounting One-on-one expert support 24/7
We deliver tax-ready financials

Each month, your dedicated bookkeeper categorizes your art dealing transactions and authors comprehensive financial reports. Should they require any additional information, they will promptly reach out to you.

Here’s why Art Dealers like you trust Accracy with their bookkeeping and accounting

Get fast, unlimited support for Art Dealers with Accracy Accounting and Bookkeeping Services

Get fast, unlimited support from our expert advisors

Our team regularly delivers updates about your bookkeeping status, keeping you in the know. If you are an art dealer and have urgent queries that won't wait? With Accracy, you can expect a reply in one business day or less.

Guaranteed accuracy in every detail for Art Dealers with Accracy Accounting and Bookkeeping Services

Guaranteed accuracy in every detail

Our platform empowers you to streamline data inputs from key providers, eliminating common errors. We collaborate with high-level partners like Gusto, Stripe, Shopify, and Squareensuring your art dealership's finances are always precise and reliable.

Make Smart Decisions for Art Dealers with Accracy Accounting and Bookkeeping Services

See where you’re spending. Make smart decisions

Wave farewell to mountains of bills and time-draining manual record-keeping — we simplify the process by automating inputs directly from your linked accounts. Gain insights from a single, user-friendly dashboard, allowing you to clearly comprehend the financial state of your art dealership and make informed business decisions.

Bookkeepers for Art Dealers

At Accracy, we understand the intricacies of the art dealing world. We know dealing with the sophisticated arts market comes with its unique set of fiscal responsibilities and complexities. Maybe you're puzzling over capital gains tax from selling a painting or you're uncertain about handling Value Added Tax (VAT) on imported artworks. Accracy has the savvy and expertise to navigate these industry-specific tax challenges so you don't have to. Our team's adept knowledge of specific laws and legislations affecting art dealers ensures that your financial records are handled with the utmost care and accuracy, keeping you compliant and secure.

No stone is left unturned with Accracy's leading-edge software, paired with the dedicated attention of real, seasoned bookkeepers. Together, we effortlessly manage your grant tracking, consignment sales, auction contributions, or any other industry-specific financial data. Plus, our tried-and-true system ensures no fluctuations in the art market catch you by surprise, providing you with real-time financials. It's not just about bookkeeping; it's about providing a stress-free, comprehensive solution to keep your art business thriving. With Accracy, you can focus on your passion for art, while we manage the numbers.

Accracy Pricing

Simple, straightforward bookkeeping pricing for everything your business needs.

Join over 1000 business owners who have streamlined their finances and have grown their businesses with Accracy.

Basic

Starting from
$200 / month billed annually
  • Dedicated Bookkeeping Experts
  • Accurate Books with Year-End Financial Records Ready for Tax Season
  • Automating Your Processes Through QuickBooks, Xero and others
  • Accrual or Cash basis accounting
  • 24/7 Support
  • Unlimited communication with your bookkeeping team
Contact Us

Catch Up Bookkeeping

$500 / Billed Once
  • Accurate Books with Year-End Financial Records Ready for Tax Season
  • Automating Your Processes Through QuickBooks, Xero and others
  • Accrual or Cash basis accounting
  • 24/7 Support
  • Unlimited communication with your bookkeeping team
Contact Us

Executive

Customized Pricing

Everything in Basic plan +

  • Dedicated Account Manager
  • Sales Tax
  • Corporate Tax
  • Payroll
  • Accounts Payable
  • Accounts Receivables
  • Full Support Team
  • + Additional Customized Services

Schedule a Meeting

Basic

Starting from
$250 / month
  • Dedicated Bookkeeping Experts
  • Accurate Books with Year-End Financial Records Ready for Tax Season
  • Automating Your Processes Through QuickBooks, Xero and others
  • Accrual or Cash basis accounting
  • 24/7 Support
  • Unlimited communication with your bookkeeping team
Contact Us

Executive

Customized Pricing

Everything in Basic plan +

  • Dedicated Account Manager
  • Sales Tax
  • Corporate Tax
  • Payroll
  • Accounts Payable
  • Accounts Receivables
  • Full Support Team
  • + Additional Customized Services

Schedule a Meeting

Frequently Asked Questions about Bookkeeping and Accounting for Art Dealers

As an art dealer, specialized bookkeeping is crucial in managing and tracking artwork acquisitions and sales for tax purposes. It ensures accuracy, comprehensiveness, and compliance with the tax laws. Specific services include tracking revenues from art sales, recording the costs of art acquisitions, monitoring the capital gains tax on sold pieces, and checking any art-related business expenses. Having a thorough record can help you optimize your tax deductions and avoid any potential issues with the IRS.

The art dealing industry has unique accounting practices to be aware of:

  • Inventory Management: Art inventories are often high-value assets with fluctuating prices. Accurate inventory management is crucial, particularly around consignment and acquisition.
  • VAT and Sales Taxes: Depending on the country of operation, the sales of artwork could be subject to varying levels of VAT or sales taxes. It's important to appropriately track and apply these.
  • International Operations: If dealing artwork internationally, you need to account for cross-border transactions, currency fluctuations, and international tax rules.
  • Insurance Costs: With high-value inventory, insurance costs can be substantial and need to be appropriately accounted for.
  • Artwork Depreciation: Unlike many assets, artwork can appreciate over time. Yet, some works might depreciate due to damage or market trends. Assigning the correct value to your artwork at any given time is crucial.

A professional bookkeeper familiar with the art dealing industry will be able to expertly manage these specific accounting requirements, ensuring your books are accurate, compliant, and secure.

A professional bookkeeping service can provide immense help with both inventory management and valuations for your art pieces. The bookkeepers use industry-leading software tools to meticulously track all your inventory, thereby ensuring accurate record-keeping and timely updates. They monitor each piece's purchase price, sales price, and current market valuation, which is crucial for insurance and tax purposes.

Moreover, for valuations, professional bookkeepers often work in tandem with certified appraisers or experts in the art industry. They incorporate these valuations into your financial statements, providing a realistic view of your art portfolio’s total worth. This ensures proper valuation of your assets, which can have major implications on tax planning, loan applications, or if you plan to sell or buy more art pieces.

In short, a professional bookkeeping service provides comprehensive inventory and valuation support, letting you focus on growing your art collection without worrying about the financial intricacies.

We understand that when our clients turn their accounting and bookkeeping services over to us, trust is paramount. We have a team of certified professionals, use proven technologies, and hold ourselves accountable every day. Yes, you can trust us with your sensitive data and to deliver accurate, timely accounting services for your business.

Absolutely. Our team members are all certified in the leading accounting systems and can quickly get your files up to date.

Don’t worry, your financial data belongs to you. Our offboarding is pretty straightforward as we transfer account ownership to you. As a bonus, there’s no stopping you from replicating the workflows we’ve created for your in-house process – in fact, we encourage it.

Savings can vary considerably depending on your current solution, but our clients tell us that it is generally between 30% and 50%.

We do not provide year-end tax filing services as we are not a CPA firm. However, if you are looking for a year-end tax accountant, we would gladly refer you to one of our partners. Having a separate bookkeeper and year-end accountant ensures additional oversight on the accuracy of your books. Your year-end tax accountant can help you review your books during tax season.

No, we are not a CPA firm. Accracy is not a public accounting firm and does not provide services that would require a license to practice public accountancy.

No. We do not offer services which fall under the jurisdiction of these organizations. We have partner organizations who can provide those services if needed by clients. A good example of such services are tax advisory or statutory filings. We have a number of non-economic partnerships with CPA firms who can help our clients with these services if needed.

Every account is set up with a Client Success Lead who will be your day-to-day contact. They’ll liaise with the rest of the team members on your account which may include an accounting manager, bookkeeper, payroll specialist, and payables specialist.

Accracy can support a wide range of companies, from small businesses and startups to large public corporations. Our services are tailored to meet the unique accounting and bookkeeping needs of businesses across various industries.

At Accracy, we operate as a fully remote team, delivering our bookkeeping and accounting services online. We have the necessary tools and systems in place to work efficiently and securely from our remote locations. We will coordinate and collaborate with your onsite team to ensure smooth communication and workflow integration.

Accracy Accounting Frequently Asked Questions (faq)

Our Services

Your Needs, Our Solutions: Total Coverage Guaranteed

Stress-Free Bookkeeping and Back Office Accounting Solutions for Your Business.

Bookkeeping

Precise Financial Organization

Embark on a transformative journey towards financial clarity with our comprehensive organizational services. Beyond mere bookkeeping, we delve deep into the intricacies of your financial records. Every transaction is meticulously documented, categorized, and structured to provide not just accuracy but a foundation for strategic financial understanding.

Bookkeeping

Financial Reporting

Actionable Financial Insights

Beyond mere numbers, our reporting services are a gateway to actionable insights. We go beyond presenting data; we interpret, analyze, and deliver reports that serve as strategic roadmaps for your business. Timely, clear, and comprehensive, our insights empower you to make informed decisions, identify opportunities, and navigate challenges with confidence.

Financial Reporting

Accounts Payable & Receivable

Efficient Accounts Management

Efficiency is the cornerstone of our accounts management services. Whether handling payables or receivables, we streamline your financial transactions to optimize cash flow. Our focus is on creating a robust system that not only meets compliance standards but also ensures that your financial operations are a well-oiled machine, contributing to the overall health of your business.

Catch-Up Bookkeeping

Timely Financial Updates

Don’t let backlog hinder your progress. Our catch-up services are designed to bring your financial records up to speed. We meticulously address any gaps, ensuring that your records are not just current but also compliant. Stay on top of your financial game with timely updates that provide a comprehensive view of your financial landscape.

Catch-Up Bookkeeping

Fractional Controllership

Strategic Financial Guidance

Experience the benefits of seasoned financial leadership without the full-time commitment. Our fractional controllership services bring in experts to guide your financial strategies. Beyond mere oversight, our professionals actively contribute to optimizing your business performance. Benefit from strategic insights, financial planning, and a level of guidance that propels your business towards sustainable success.

Fractional Controllership

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