Accounting Best Practices

This best practices post is a component of the PIP Program which is being developed with the intention of combating any mainstream stigma associated with self, or independent, publishing that exists in the market place.

We have created this post to gather input on criteria associated with this topic and its place within the PIP certification process.

We would like to encourage you to contribute your opinion, advice, and expertise on this subject, as a way to help the independent publishing community establish a qualitative process of evalutation for the PIP Program.

If you are interested in contributing to other topics associated with independent publishing, please visit the PIP index and do not hesitate to participate by contributing to those topics that are of interest to you:http://www.spannet.org/page/pip-input-criteria

To read, or critique, the current PIP statement of purpose, visit: http://www.spannet.org/group/PIPcertification/forum/topics/pip-stat...

Tags: Accounting, Best, Independent, PIP, Practices, Publishing, Self, help, professional

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Permalink Reply by Pavarti K. Tyler on June 27, 2011 at 7:55am

I said this under business practices but I'll say it again, all Indie/Self Publishers MUST keep an auditable set of books. Otherwise they are not a legitimate business. Even if you aren't setting up a business with the state or IRS you still have to have books that outline all income and expenditures. This is essential for tax law and liability reasons.