An Example Chart of Accounts for a Social Media Influencer

Here is an example chart of accounts for a typical influencer:

Assets:

• Cash

• Accounts Receivable

• Inventory (if selling merchandise)

Liabilities:

• Accounts Payable (for any bills or invoices received)

Equity:

• Owner's Equity (capital invested in the business)

Revenue:

• Sponsorship/Partnership Income

• Affiliate Marketing Income

• Ad Revenue

• Merchandise Sales

Expenses:

• Social Media Platform Fees (e.g. Instagram, YouTube)

• Merchandise Costs

• Equipment and Supplies

• Travel Expenses

• Professional Fees (e.g. accountants, lawyers)

• Advertising and Promotion

• Office Rent and Utilities

• Internet and Phone Expenses

Note that the accounts listed above may vary depending on the influencer's business activities and specific needs. It is important to regularly review and update the chart of accounts to ensure accurate financial reporting.