Indie Author Biz Guide Podcast

If you are an author, who is or wants to self-publish, and wants to know how to run their business better, this podcast is for you! Join us weekly as we talk about the business of self-publishing, or as I prefer to call it, indie publishing. As an indie author, you have entered the wonderful world of entrepreneurship. This may be your first venture, and you feel like you’re in dangerous, unknown waters. Or you’ve been publishing for awhile, and want to know how to run your business better. Fantasy author and author business coach, Tora Moon, guides you through the rocky waters of the indie publishing industry. She shares business basics and principles you can apply to your author business and interviews other indie authors, who share their experiences and expertise.

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Indie Author Biz Guide Podcast

Cash? Accrual? What the heck?

February 21, 2023 • Tora Moon • Episode 12

Episode 12: This is the second episode in our Financial Basics for Authors series. In this episode, I talk about the two different ways used to account for your business activity: Cash basis or accrual basis. I explain what each one is, and which one is best for an indie author’s business.

0:00 Intro to this week’s episode
0:32 Welcome to the Podcast
1:31 The two methods of accounting
2:45 The cash basis method
5:48 The accrual basis method
9:49 The accounting standard
10:26 Problems caused by using the cash basis
15:05 Advantages of using the accrual basis
15:51 How to use the accrual basis
17:31 The reasons accrual is better
19:24 New coaching service for your author business!

Show Notes:
Find out more about how I can help you with your author business with Author Business Coaching: https://indieauthorbizguide.com/abc/

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Additional show notes and transcripts are on my website: IndieAuthorBizGuide.com/podcast

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Learn more about, and purchase the book: Business and Accounting for Authors

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Instagram: @toramoonindiebiz

Music, Inspiring Sunny Day, used on the show is licensed from Nazar Rybak via MelodyLoops.com

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Tora Moon

Host