This is the resources page for ACCOUNTING FOR AUTHORS by D.F. Hart and Mark Leslie Lefebvre.
D.F. Hart’s Accounting Services Page
Charts and Spreadsheets from the Book
Quick Reference Guide: Definitions and Formulas
Accounting Equation: Assets = Liabilities + Equity
Accrual-Basis Method: means of recording transactions; items are recorded when the activity occurs, regardless of when money changes hands.
Assets: Things your business OWNS
Balance Sheet: the ‘show the math’ financial report of the “Accounting Equation”
Break-Even Point: Break-Even Units = Total Fixed Costs / (Price per Unit – Variable Cost per Unit)
Cash-Basis Method: means of recording transactions; items are not recorded until money changes hands.
Cost of Sales (COGS): money spent to make your product.
Cost-Per-Click: Cost / # of clicks
Cost-Per-Sale: Cost / # of sales
Double-Entry: Each entry in accounting is two-sided (balancing the see-saw).
Equity: What is left over when you subtract everything you OWE from what you OWN
G&A / Overhead Expenses: money spent to run your business and advertise/sell your product.
Gross Income (Gross Profit/Loss): Sales Revenue – Direct Costs
Gross Margin: (Gross Income / Revenue) x 100
Income Statement: the ‘show the math’ financial report that lists your revenue and all your expenses.
Liabilities: Things your business OWES
Net Income (Net Profit / Loss): Gross Income – Indirect Costs
Net Margin: (Net Income / Revenue) x 100
Net Return: results of activity – initial cost of activity
Payables: Expenses your business owes that have not been paid for yet
Payback Period: initial cost / first year revenue
Readthrough: # of units Book B / # of units Book A
Receivables: Revenue your business is owed that have not been paid to you yet
Return on Investment (ROI): (net return / initial cost) x 100
Business Structure Types Information by Region
Other Resources Referenced in the Book
Books
Closing the Deal on Your Terms: Agents, Contracts and Other Considerations, Kristine Kathryn Rusch, WMG Publishing, 2016.
Estate Planning for Authors: Your Final Letter (and why you need to write it now), M.L. Buchman, Buchman Bookworks, 2017.
Financial Statements, Third Edition: A Step-by-Step Guide to Understanding and Creating Financial Reports, Thomas R. Ittelson, Career Press, 2020.
Links
BookTrakr: https://www.booktrakr.com/
BookReport: https://www.getbookreport.com/
ScribeCount (Affiliate Link): https://www.scribecount.com/?ref=marklefebvre1
Stark Publishing 