Renee writes with a question that’s been on my mind lately. As follows: I know that when querying, writers can’t limit themselves by city or state/province. However, I was wondering if your company would consider queries sent by someone from out of country (for instance, Canada). I was also wondering […]
accounting
6 posts
Like all the other cool agents with blogs or on Twitter, I’m dealing with royal(tie)s. No dashing princes for me, these royalties, as you probably know already, are the accounting statements prepared by publishers that tell of the sales of an author’s book in the previous period. Right now, most […]
It’s bill pay day here at kt literary, and it’s worth repeating — you are planning on putting aside a nice chunk of your advance for taxes, right? And you’re tracking all your writing-related expenses, yes? Because you should. But that’s a kind of boring post, so I’m going to […]
Sorry about the late post today, gang. I spent the morning with an accounting specialist trying to sort out the (apparent) mess I made of QuickBooks.
b-100x127.gif" width="100" height="127" class="mt-image-left" style="float: left; margin: 0 20px 20px 0;"/>Let's just be clear here, shall we? I work in publishing. i like WORDS. Numbers are, to put it bluntly, not my friend. And yet, I have this exciting new business, and though yes, I still get to play with words, I ALSO have to understand numbers. My authors like it when I do -- when I can tell them what money is coming in from which publisher, and how soon. And to do THAT, I need accounting software to keep track of such things as payments due, etc.
A long but great question this morning from Hortense the Prepared (Yet Confused). Hortense writes, "I'm a writer who likes to be prepared for the worst-case scenario, the best-case scenario, and as many scenarios in between as is possible. So, I find it a bit frustrating at times that I cannot see, analyze, and plan for every detail of what happens after a writer sells his or her first book. This all leads up to my new favorite question for authors: What would you consider good investments for part or all of your first advance?"