Looking for a bookkeeper and accountant for your art gallery? We manage your books, giving you more time to dedicate to cultivating your art collection. Try us for free.
We are offering free 1 Month Basic Bookkeeping to all new customers so you can experience Accracy's seemless and professional services.
Looking for a bookkeeper and accountant for your art gallery? We manage your books, giving you more time to dedicate to cultivating your art collection. Try us for free.
Our team devotes itself to gain an in-depth understanding of your art gallery, answers any questions you may have, assists you in linking your accounts, and demonstrates how Accracy can seamlessly work with your business.
Every month, your dedicated bookkeeper organizes your art gallery's transactions and compiles financial statements. Should they need any additional information from you, they'll reach out.
Every month, your dedicated bookkeeper organizes your art gallery's transactions and compiles financial statements. Should they need any additional information from you, they'll reach out.
Expect regular outreach from us with your art gallery's bookkeeping updates. Do you have urgent inquiries that simply can't be put on hold? Rest assured, we'll respond to you within one business day or less.
Our platform allows you to automate data inputs from prominent art product providers to avoid common errors. We collaborate with key players like Gusto, Stripe, Shopify, and Square, ensuring your gallery's finances are always precise.
Say farewell to heaps of unsorted documents and tedious manual record keeping — we automatically consolidate inputs directly from your connected accounts. With Accracy Accounting, Art Galleries can gain insights from one unified dashboard, making it simple to comprehend your gallery's financial standing and make strategic choices.
Running an art gallery comes with its own set of unique bookkeeping issues. Firstly, art galleries deal with a complex mixed tax system due to the varied nature of their sales. As galleries buy and sell internationally, they may have to pay or collect VAT or sales taxes from multiple tax jurisdictions, which can be difficult to keep track of and manage. Moreover, laws regarding art dealings are often intricate and vary by location. But worry no more. Accracy helps you navigate through these complexities by providing clear, concise, and compliant bookkeeping service specifically tailored for art galleries.
At Accracy, we merge innovative technology with expert human bookkeepers to provide unparalleled bookkeeping assistance. Our team is well-versed in art industry-specific laws and taxation, to make certain that every entry, from artist royalty payments to sales of artwork, is accurately recorded and meets the tax liabilities. Beyond basic bookkeeping, we aim to give art gallery owners a vivid understanding of their financial performance and processes. Accracy Accounting recognizes the financial challenges that art galleries face, and we are here to make your financial management as seamless and straightforward as possible. Our full-stack financial solution eliminates the need for you to worry about year-end tax prep or monthly bookkeeping - thus, allowing you to focus on curating beautiful works of art.
Join over 1000 business owners who have streamlined their finances and have grown their businesses with Accracy.
Everything in Basic plan +
Accracy Accounting provides comprehensive bookkeeping services that are ideal for tracking and managing income from your art sales. We will handle all financial aspects of your transactions, from recording individual art sales to managing gallery financial statements. Our team of bookkeeping professionals will document each transaction meticulously, ensuring you have a clear, precise view of your gallery's revenues and expenditures. Incidentally, this not only helps track your profits but also aids in tax filing, and provides insights for better business decisions. Ultimately, using Accracy Accounting for managing income from your art sales allows you to focus on what you do best - showcasing and selling exquisite art!
The best way to handle inventory accounting for artworks in your gallery is to implement a perpetual inventory system. This system involves consistently updating your records for each piece of artwork sold, purchased, or otherwise modified. However, managing such a system can become complex without professional assistance. Hiring an experienced bookkeeper familiar with the art industry can ensure that your inventory accounting is always up-to-date and accurate, allowing you to focus more on running your business. They can help you navigate cost methods such as Specific Identification and Average Cost, as well as guide you through the complexities of capitalization rules, cost of goods sold (COGS) and other core accounting principles.
Yes, Accracy Accounting can absolutely assist with industry-specific tax deductions for art galleries. Our team is well-versed in handling unique expenses such as art acquisition and exhibition expenditure. We'll ensure you maximize these deductions and minimize your tax burden, helping your gallery's bottom line.
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.
Stress-Free Bookkeeping and Back Office Accounting Solutions for Your Business.
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.
BookkeepingOur payroll services offer comprehensive solutions for managing employee compensation in both Canada and the US. We handle everything from accurate payroll processing and tax calculations to compliance with local regulations and benefits administration. Our services ensure timely and precise payroll delivery, streamlined tax reporting, and up-to-date compliance with ever-changing laws.
Payroll ProcessingWe offer comprehensive sales tax services, including reporting, compliance, and filing, for both the United States and Canada. Our expertise ensures that your business adheres to all relevant tax regulations, streamlines your tax processes, and mitigates the risk of errors and penalties. Whether you operate in one region or across both countries, our team is equipped to manage your sales tax.
Sales Tax FilingBeyond 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 ReportingEfficiency 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.
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 BookkeepingExperience 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