I keep a very tight record on expenses and accounts receivable. There are two good reasons to do this. One; it’s how you run a business. Two; it’s how you should run a business. I could look at any year, but since 2014 is coming to a close, let’s take a look at our expenses this year. I am going to break down the expenses into categories, the same way the IRS does.
A disclaimer; every business is unique and we are not suggesting we are representative of all wedding photographers. We only aim to illustrate some of the expenses and challenges that most wedding photographers face. In 2014, as a photography company, we spent: