Bookkeeping and Accounting for Dance Studios

In search of a bookkeeper and accountant for your dance studio? At Bench Accounting, we handle your books so you can spend more time choreographing masterpieces. Give us a spin for free.

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How Bench works with dance studios

Let Bench handle the rhythm of your finances. Get your bookkeeping, income tax prep, and filing done by experts - all in harmony with the needs of your dance studio. Bench works in perfect step with dance studios.

We get you set up

Our dedicated team takes the time to fully appreciate your dance studio's unique needs, responding to your inquiries, assisting you in linking your accounts, and demonstrating how Bench integrates with your operations.

We do your bookkeeping

Every month, your dedicated bookkeeper swiftly organizes all your dance studio transactions and compiles comprehensive financial statements. If any additional information is required from your side, they'll promptly reach out to you.

We deliver tax-ready financials

Our team of professionals has a deep understanding of the tax requirements related to dance studios and will tailor their approach to your studio’s specific needs.

Here’s why dance studios like you trust Bench with their bookkeeping and accounting

Get fast, unlimited support from our expert advisors

We maintain regular communication, providing consistent updates related to your dance studio's bookkeeping needs. Do you have urgent questions that simply can't hold off? We'll ensure our response time is within one business day or less.

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screenshot of Bench support app

Guaranteed accuracy in every detail

Our platform streamlines your bookkeeping by automating data inputs from most major providers, helping to prevent common errors. We work hand in hand with payment platforms like Stripe, Shopify, Square and many others—ensuring your dance studio's finances are always spot-on.

See where you’re spending. Make smart decisions

Say farewell to mountains of receipts and long hours devoted to manual financial organization—Bench Accounting provides effortless automation directly from your linked accounts. Gain insights from a single, centralized dashboard specially tailored for dance studios. This allows you to quickly grasp the financial wellbeing of your studio and make informed, strategic decisions.

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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 dance studios

Dance studios, similar to other businesses, tend to grapple with industry-specific bookkeeping challenges such as complex payroll due to different types of employees (full-time, part-time, contracted instructors), seasonal income fluctuations, class package management, and unique tax deductions (equipment, floor maintenance, costume expenses). Wrestles with these complexities can divert precious time and energy away from your dancing passion itself. This is how Bench Accounting steps in to help. We tackle the demanding task of financial management for dance studios by harnessing the power of intuitive software paired with our human expertise.

Our team of knowledgeable bookkeepers understands the dance industry's specific laws and tax considerations. For instance, we know how to classify your various workers correctly for maximum tax benefits, navigate your seasonal income ebbs and flows, and handle deductions specific to your industry like studio maintenance or costume expenses. The dance studio-focused bookkeeping system Bench offers ensures your compliance with the laws and regulations while optimizing your tax scenario. We make it our job to relieve you of the bookkeeping burdens, leaving you to focus wholly on what you do best - teaching dance. Through Bench, bookkeeping for dance studios is choreographed like a perfect ballet—all rhythmic, precise, and harmonious.

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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What specific accounting considerations should I be aware of for my dance studio?

Running a dance studio involves various complex financial transactions. Several specific accounting considerations need your attention:

  • Revenue Recognition: Classes might be paid for upfront but delivered over a period of time. It's essential to recognize this revenue correctly over the service period, not just when the payment comes through.
  • Instructor Expenses: You'll likely have several instructors, possibly with different pay rates and hours. These need to be tracked and reported accurately.
  • Depreciation: Dance studios contain significant capital assets, such as dance floors, mirrors, and sound systems. Their value decreases over time, which should be accounted for.
  • Inventory: If you sell dancewear or other items at your studio, you'd need to implement an inventory tracking system; it should account for purchases and sales of inventory.
  • Liability Insurance: As a dance studio, carrying liability insurance for potential injuries is a must. You need to track these premium payments and any other expenses related to insurance.

It can be overwhelming to manage these considerations on your own. Hiring a professional bookkeeper ensures your finances are managed correctly and you remain compliant with all relevant regulations.

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How can Bench Accounting assist with managing revenue from both memberships and one-time class fees at my dance studio?

At Bench Accounting, we provide specialized bookkeeping services tailored for a wide variety of industries including dance studios. With our services catering to your industry, we offer the capability of managing revenues from both memberships and one-time class fees.

Our team of adept bookkeepers understand the uniqueness of a dance studio's financial needs. They can aptly categorize your revenue streams, ensuring that both recurring membership fees and one-off class payments are accounted for and reconciled accurately. This allows for a clear, definite understanding of your studio’s financial performance.

Having Bench Accounting handle your books also means that we take care of the data entry, expense tracking, financial reporting, year-end tax prep, and provide you with a dedicated bookkeeper you can trust. Our services simplify the financials so you can focus on what you truly love - teaching dance.

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Can a Bench bookkeeper properly handle the unique financial needs and seasonality of a dance studio's income?

Yes, a Bench bookkeeper is more than capable of managing the unique financial needs and seasonal fluctuations of a dance studio's income. Our team of expert bookkeepers understand the financial cycles of various industries, including the arts. They can work with you to plan for lower income periods, manage expenses, and ensure your financial records are always organized and up-to-date. With Bench, you can focus on your passion for dance, knowing your bookkeeping is in safe hands.

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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 Dance Studios

Discover how we can help you have better finances with a personalized demo from a Bench expert, ready to answer all your questions. Sign up as a customer today and get a free month of bookkeeping, valued at $299.

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