Athlete and Artist Accounting
Monthly financial packages for athletes, artists and the advisors who serve them.
One package each month that shows the whole picture: the business, the household, and the two together. Your team sees where the money came from, where it went, and what it adds up to, in a format a lender can read.
Every name and number in the samples is made up. They show the layout, the statements and the pages your own package would contain.
What you receive each month
- The business. Income statement, balance sheet and statement of cash flows for your company, with every show, game, endorsement and royalty settlement recorded and matched to the deposit.
- The household. A personal income and spending statement and a personal financial statement for the family office side: mortgage, investments, cards, and income taxes.
- Both together. Combined income statement, balance sheet and cash flows, with the money the business pays the household counted once.
- Lender summary. Net worth, liquid assets, debt, global cash flow and global debt service coverage on one page.
- Planning pages. The owner's paycheck, income tax set-aside, a 13-week cash forecast, and revenue quality.
- A contents page and plain-language notes, so every page is easy to find and easy to read.
Who it is for
- Athletes and artists who want their numbers organized every month, ready for a lender, an advisor or a new deal.
- Partner firms: business management firms, entertainment law firms and CPA firms that want their clients' books prepared on a monthly schedule. The client engages Baratelli directly, and your firm stays the trusted advisor.
How we work
- Prepare, track and report. We prepare the books and the reports. We do not hold, move or pay client money.
- Permission first. We share a client's information with their advisors only with the client's written permission.
- Mutual respect. A short mutual non-solicitation agreement protects the advisor's client relationships and ours.
- A US CPA stands behind every package.
To see how it would look for you or your clients: Philip A. Baratelli, CPA · phil@baratelliinstitute.com · 904-846-3011.