Bookkeeping and Accounting for Children'S Book Authors

Looking for a bookkeeper and accountant for your children's book authorship? We handle your finances, so you get more time to focus on creating magical stories for kids. Try us for free.

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How Bench works with children's book authors

Discover seamless bookkeeping, income tax prep, and filing, all taken care of by experts—supported by one powerful platform. Bench works in harmony with Children's book authors.

We get you set up

Our team dedicates time to gaining a comprehensive understanding of your unique needs as a Children's book author, responding to your questions, assisting you in connecting your accounts, and guiding you on how Bench operates.

We do your bookkeeping

Every month, your dedicated bookkeeper categorizes your professional expenses and prepares financial reports for your children's book authoring business. If they need any additional information, they'll promptly reach out to you.

We deliver tax-ready financials

Our team of experts understands the ins and outs of tax rules for children's book authors and will tailor their approach to your unique needs.

Here’s why children's book authors like you trust Bench with their bookkeeping and accounting

Get fast, unlimited support from our expert advisors

We'll consistently provide you with bookkeeping updates tailored to children's book authors. Got urgent inquiries that can't hold? We'll respond to you in one business day or less.

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screenshot of Bench support app

Guaranteed accuracy in every detail

Our platform has been specifically designed to automate data inputs from leading industry providers to sidestep frequent errors. We proudly collaborate with key partners like Gusto, Stripe, Shopify, and Square, ensuring your finances as a children's book author are always spot-on.

See where you’re spending. Make smart decisions

Wave goodbye to mountains of manuscripts and tedious tracking tasks—we automate inputs directly from your connected accounts. Gain insights from a single, centralized dashboard allowing you to effortlessly comprehend your finances and make calculated decisions as a children's book author.

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Bench integrates with your favorite small business tools

We sync seamlessly with your financial accounts and tools to keep your books up-to-date and save you the time and effort of manually uploading documents.

Trusted by 25,000+ American small business owners

“Bench helped me replace QuickBooks, and save about 6 hours per month of horrible accounting work, which is priceless.”

CHRIS RONZIO

CEO, TRAINUAL
“This is the first year where it’s tax season and I don’t feel anxious one bit.”

DR. BUKKY KOLAWOLE

FOUNDER/EXECUTIVE DIRECTOR, RELATIONSHIP HQ
“Bench has lifted a giant weight off my shoulders and freed up my time so I can focus on earning money and working with clients, meetings and calls.”

HEATHER SHOLL

FOUNDER, THE VILLAGES GYM
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We know bookkeeping for children's book authors

Child's book authors often have complex financial activity due to royalties, advances, and payments from a multitude of sources like online platforms, direct sales, and traditional publishing houses. At Bench, we understand this unique financial landscape and provide tailored bookkeeping services to ensure accurate financial tracking. We manage income and expense categorization, monthly financial statements, and year-end financial packages with expertise. With Bench on your side, navigating the intricacies of industry-specific taxes, copyright laws, and the diverse range of income parameters becomes a lot simpler.

Authors can be creative while leaving the daunting task of tax filing to us. Recognizing expense deductions related to research, writing supplies, travel, or home offices, and understanding self-employment tax laws are some areas where authors often need help. The Bench team, comprised of real, human bookkeepers, is well-acquainted with these industry-specific issues. Furthermore, they pair their expert knowledge with intuitive software to give child's book authors a seamless bookkeeping experience, freeing you up to focus on your words and worlds. At Bench, we take care of your bookkeeping and tax in a revolutionary way -- combining modern tech with traditional expertise.

Simple, straightforward pricing for everything your business needs.

Get bookkeeping, tax prep, advisory, and filing with Bench's powerful, easy-to-use platform.

Choose Plan

Essential

Best for those looking for peace of mind and accurate financials done by professional bookkeepers.
$249/mo

billed annually

Dedicated bookkeeping experts
Accurate monthly books and year-end tax-ready financial packages
P&L, balance sheet and 1099 reporting
Unlimited communication with your bookkeeping team

Premium

Best for those looking for an all-in-one bookkeeping, tax advisory and income tax filing service.
$399/mo

billed annually

Everything in Essential plan
Dedicated team of licensed tax professionals to file your income tax return on time
Annual income tax filing for businesses (partnerships, S corps, C corps)
Annual income tax filing for individuals (sole proprietors, contractors)

Essential

Best for those looking for peace of mind and accurate financials done by professional bookkeepers.
$299/mo

billed monthly

Dedicated bookkeeping experts
Accurate monthly books and year-end tax-ready financial packages
P&L, balance sheet and 1099 reporting
Unlimited communication with your bookkeeping team

Premium

Best for those looking for an all-in-one bookkeeping, tax advisory and income tax filing service.
$499/mo

billed monthly

Everything in Essential plan
Dedicated team of licensed tax professionals to file your income tax return on time
Annual income tax filing for businesses (partnerships, S corps, C corps)
Annual income tax filing for individuals (sole proprietors, contractors)

Frequently Asked Questions

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As a children's book author, what specific expenses can I deduct from my taxable income?

As a children's book author, there are several specific expenses you are eligible to deduct from your taxable income. These may include:

<ul><li>Costs related to research, which may include travel expenses</li><li>Expenses for supplies and materials, such as pencils, paper, and computers used for your writing</li><li>Professional services, like costs for editing, illustrating, and self-publishing</li><li>Home office expenses if you use part of your home exclusively for your writing business</li><li>Marketing and advertising costs</li><li>Education expenses related to improving writing skills or literary comprehension</li></li>Membership fees for professional organizations and guilds</li></ul>

It's important to keep detailed records of these expenses for accurate bookkeeping and potential tax audits. Professional bookkeepers, like those at Bench Accounting, can assist with this process to ensure you're maximizing your deductions.

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Do I need to charge and pay sales tax for books that I sell directly to consumers?

Whether or not you need to charge and pay sales tax for books you sell directly to consumers depends on the specific tax regulations in your area. In some regions, books are considered tax-exempt, whereas in others, they may be subject to sales tax. Always check with your local tax laws or consult a tax professional to ensure you're compliant.

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How should I account for my royalty payments and advances in my bookkeeping?

Royalty payments and advances should be accounted for in your bookkeeping as part of your income. Typically, these are accounted for on an accrual basis. This means that their value is recognized when they are earned, not when the actual cash is received. Therefore, if you receive an advance, you would recognize it as a liability until it's earned.

Furthermore, royalty payments are typically dependent on the sales of a product, so they are often recorded as they are accrued. This could mean that you have different amounts of royalty income from month to month. It is important to track these payments accurately not only for bookkeeping purposes but also for understanding your income trends.

As always, it is recommended to work with a professional bookkeeper or accountant for precise recording and reporting of these types of income. They can guide you in the proper treatment of these amounts in your specific context, thereby ensuring that your financial reports are correct and compliant with the accounting standards.

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Does Bench outsource bookkeeping?

Nope! All bookkeeping is completed in-house.

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Will I have one point of contact?

Your bookkeeper will be your main point of contact, but at times you might hear from another member of your team. This is usually when your bookkeeper goes on vacation, is sick, or otherwise unavailable.

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How much time each month will I have to spend managing my Bench account?

We handle the bookkeeping for you but sometimes we’ll need your input, especially at year-end. On average, expect to spend 15 minutes each month answering questions for your bookkeeper, or uploading supporting docs.

Bookkeeping Services for Children's book authors

Sign up for a Bench trial, and get one month free. If you decide to go with us, we’ll take bookkeeping off your plate—for good.

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