Chasing a lead and don't have time for bookkeeping and accounting in your journalism business? We've got your books covered, so you can focus on delivering the news. Give our services a try for free.
We are offering free 1 Month Basic Bookkeeping to all new customers so you can experience Accracy's seemless and professional services.
Chasing a lead and don't have time for bookkeeping and accounting in your journalism business? We've got your books covered, so you can focus on delivering the news. Give our services a try for free.
Our squad takes a moment to thoroughly comprehend your journalistic endeavors, address your queries, assist you in connecting your accounts, and guide you on the functionality of Accracy.
Every month, your dedicated bookkeeper categorizes your journalism-related transactions and compiles comprehensive financial statements. Should they require any further information from you, they'll promptly reach out.
Every month, your dedicated bookkeeper categorizes your journalism-related transactions and compiles comprehensive financial statements. Should they require any further information from you, they'll promptly reach out.
Stressed about keeping your finance in check while you're chasing stories? At Accracy Accounting, we'll regularly update you with your bookkeeping status. And if there are any immediate financial queries or concerns keeping you from an important scoop? Rest assured, we'll respond in one business day or less.
At Accracy Accounting, our platform is designed to streamline your financial data from major providers — eliminating typical errors. We're in collaboration with renowned merchants like Gusto, Stripe, Shopify, and Squareensuring your financial records as a journalist are always on point.
Wave farewell to mountains of paperwork and tedious manual logging — we streamline inputs directly from linked accounts. Gain insights from a singular, central dashboard and grasp a clear understanding of your financial status. This empowers you as a journalist to make strategic decisions easily. With Accracy Accounting, you can focus on your stories rather than worrying about bookkeeping.
At Accracy, we understand that journalists need their focus on the heart of the story, not the intricacies of payroll taxes and ledger entries. Freelance journalists, in particular, have unique financial landscapes with varying income sources, receipts, and business-related expenses that need managing. This dynamic system requires industry-specific knowledge to handle bookkeeping in an error-free and tax compliant manner. With the ever-changing laws and tax regulations that affect the journalism profession, rest assured that our skilled bookkeepers are up-to-date on all relevant information and handle it effortlessly.
Our intuitive software enables seamless tracking of your income and expenditure, but the magic doesn't stop there. We pair this software with actual human bookkeepers who are experienced professionals in the industry, helping ensure nothing falls through the cracks. They not only maintain your books but also ensure your accounts comply with current industry laws and adhere to the required tax regulations specific to journalists. Whether it's recognizing deductions such as research materials and travel expenses or understanding the impact of new tax regulations on your bottom line, Accracy's blend of innovative software and professional expertise provides a bookkeeping solution that's tailored for the needs of journalists.
Join over 1000 business owners who have streamlined their finances and have grown their businesses with Accracy.
Everything in Basic plan +
As a freelance journalist, there are several types of expenses you can claim for your tax deductions. These include:
Remember, all expense deductions should be both ordinary and necessary for your freelance journalism work. For more specific advice, you should consult with a professional bookkeeper or accountant.
Managing variable income and tracking expenses as a journalist requires diligent bookkeeping and effective organizational strategies. Here are a few steps to help you manage your income and expenses effectively:
<ul><li>Keep Records of All Income: With a variable income, it's essential to track all your income sources. Make it a habit to record every paycheck or payment you receive.</li><li>Dynamically Adjust your Budget: Since your income may vary each month, your budget should also. Ideally, budget using the income from the previous month to allow for adaptations.</li><li>Track All Expenses: Keep receipts and track all purchases, subscriptions, and equipment costs. This will help control your spending and provide necessary documentation for tax purposes.</li><li>Use a Bookkeeping Service: A professional bookkeeping service like Accracy Accounting can simplify the process, providing insightful financial reports, handling your tax filing, and helping you stay organized throughout the year.</li></ul>
Managing a variable income and tracking expenses can be complex. By applying these strategies and leveraging a professional bookkeeping service, you can ensure your finances are properly managed, allowing you to focus more on your journalism work.
Freelance journalists often have varied sources of income from multiple agencies, publishing firms, or networks, making their financial management and bookkeeping quite challenging. Here are some important bookkeeping practices you should follow:
<ul><li>Track All Your Income: Record all your income, whether it's from assignments, speaking engagements, or royalties. This helps you have a clear picture of your financial standing.</li><li>Categorize Your Expenses: Your expenses like travel costs, equipment, or subscriptions may be business-related. Categorizing them helps with deductions during tax filing.</li><li>Save for Taxes: As a freelance journalist, your taxes aren't automatically deducted. Set aside a portion of your income for tax purposes.</li><li>Keep Records: Maintain all your invoices, receipts, and financial statements. They are crucial for tax filing and audits.</li><li>Hire a Professional: Considering hiring a professional bookkeeper or accountant who can help streamline your financial management.</li></ul>
By adhering to these practices, you should be able to better manage your freelance journalism income and reduce the stress of tax time.
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