Art Starts Workshops: Accounting Principles for Artists and Creatives
WORKSHOP 1
Introduction to Accounting Principles for Artists & Creatives
A business infrastructure is essential for an artist to earn a viable income in their selected field of expertise. This workshop will cover basic principles of accounting and business management related to the cultural sector with the following topics of discussion:
– Setting Up Your Company – Sole Proprietorship/Partnerships/Corporations/NFP’s/Charities
– Getting Organized -basic filing systems – Accounts Payable/Accounts Receivable
– Potential Revenue Streams – artist / creator / service provider
– Maintaining Overhead Costs – what is an essential expense?
– Return on Investment Techniques – how to spend less and earn more
– Effective Negotiation Tactics to Maximize your Earning Potential- what is your worth?
Facilitated By: Anne-Marie Smith
Anne-Marie attended Harris Institute majoring in production/engineering and was hired by Warner/Chappell Music Publishing. She was promoted to Creative Manager two years later and signed various songwriters including Glenn Lewis, Kardinal Offishall, Jully Black & Saukrates to the company. 2010-2015, Anne-Marie was the Associate Producer at Clear Lake Historical Productions.
She currently teaches courses for Harris Institute’s Artist Management program for Seneca College’s Music programs. Anne-Marie owns Lonestar Music Services which provides business support to various clients including Polaris Music Prize Inc., NXNE, USS, and Iskwé and has held positions on the OMDC Board of Directors and the CIRPA.
Place: Art Starts
Price: Free
WORKSHOP 2
Introduction to Accounting Software Principles
This workshop will cover basic accounting principles as they pertain to day to day data management of an artist or creator’s business. Various accounting software platforms will be referenced with Wave being the learning template to encompass the following practices and procedures:
– Assets/Liabilities/Equity – how do these components affect your company’s financial profile?
– Creating a viable Chart of Accounts to accurately reflect specific line items necessary for various reports and grant completions (eg CADAC, OMF, FACTOR, etc)
– Invoice Templates / Cash Flow management
– Inventory Maintenance
– Cohesive Data Entry
– Bank Reconciliations
– Financial Statements/Reports – Balance Sheets, Income Statements/Statement of Operations
Participants will require a computer to be able to participate in some activities related to this workshop. A limited number of computers will be available on site please contact cecilia@northyorkarts.org to reserve a computer. We recommend that you bring a laptop if possible.
Facilitated By: Anne-Marie Smith
Anne-Marie attended Harris Institute majoring in production/engineering and was hired by Warner/Chappell Music Publishing. She was promoted to Creative Manager two years later and signed various songwriters including Glenn Lewis, Kardinal Offishall, Jully Black & Saukrates to the company. 2010-2015, Anne-Marie was the Associate Producer at Clear Lake Historical Productions.
She currently teaches courses for Harris Institute’s Artist Management program for Seneca College’s Music programs. Anne-Marie owns Lonestar Music Services which provides business support to various clients including Polaris Music Prize Inc., NXNE, USS, and Iskwé and has held positions on the OMDC Board of Directors and the CIRPA.
Place: North York Central Library
Price: Free
About Us
North York Arts (NYA) collaborates with artists, arts organizations, and partners to develop, strengthen, and promote cultural programming and initiatives for North York communities
Contact us
North York Arts
(Toronto Centre for the Arts)
5040 Yonge St.
Toronto, ON, M2N 6R8
(416) 733-9388
info@northyorkarts.org
Monday – Friday, 9am – 5pm
