The Income section in Artwork Archive is a versatile tool designed to help artists and organizations manage their art-related finances all in one place. This guide will help you navigate the key features of the Income section.
Income — Revenue and Expenses
Note:
Expense Tracking is only available for Artist Professional, Master, and all Organization accounts. Learn more about the different account types here.
This feature allows you to:
Record various types of income and expenses
Categorize transactions for easy tracking
Associate expenses with specific artworks or contacts
Generate Income & Expense reports
More with the Sales Pipeline
Regular updates: Make it a habit to log your transactions regularly for accurate record-keeping.
Use categories: Consistently categorize your income and expenses for easier reporting and analysis.
Link to artworks: When possible, associate expenses with specific artworks to track the true cost of each piece.
Customize invoices: Take time to set up your invoice template with your branding for a professional look.
Explore reports: Familiarize yourself with the various reports available to gain insights into your financial activities.
Remember, while Artwork Archive provides these tools for financial management, it's always recommended to consult with a professional accountant for specific tax or financial advice.
For more detailed information on specific features or workflows, please refer to our other help documents or contact our support team.