Bookkeeping and Accounting for Fine Art Stores
Looking for a bookkeeper and accountant for your fine art store? We manage your finances, so you get more time to focus on curating beautiful art. Sign up today and get a free month of bookkeeping, valued at $299.
No credit card required. By clicking ‘Get Started’, I agree to Bench’s Terms & Privacy Policy.
How Bench works with fine art stores
Bring your focus back to creativity and let us manage the numbers. Get your bookkeeping, income tax prep, and filing done by experts—backed by one powerful platform. Bench works with fine art stores.
We get you set up
Our team invests the time to thoroughly comprehend the intricacies of your fine art store, address your queries, assist you in connecting your accounts, and demonstrate how Bench functions seamlessly with your business.
We do your bookkeeping
Each month, your dedicated bookkeeper expertly sorts your fine art store transactions and creates comprehensive financial reports. If there’s any additional information needed from you, they’ll promptly reach out.
We deliver tax-ready financials
Our expert team is well-versed in tax regulations associated with fine art stores and will tailor their approach to your specific business requirements.
Here’s why fine art stores like you trust Bench with their bookkeeping and accounting
Get fast, unlimited support from our expert advisors
At Bench Accounting, we provide consistent bookkeeping updates specially tailored to your fine art store's needs. Got urgent inquiries that can't be delayed? Rest assured, we'll respond within one business day or even less.
Guaranteed accuracy in every detail
Our platform helps fine art stores automate data input from the majority of leading providers, reducing the likelihood of errors. We collaborate with merchants such as Gusto, Stripe, Shopify, and Square—ensuring your financial records are consistently precise.
See where you’re spending. Make smart decisions
Say farewell to mountains of receipts and the hassle of manual record-keeping—we streamline entries direct from your connected accounts. Access insights via a unified dashboard to easily grasp the financial state of your fine art store and make informed strategic choices.
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
CHRIS RONZIO
DR. BUKKY KOLAWOLE
HEATHER SHOLL
We know bookkeeping for fine art stores
Fine art stores have a unique set of financial complexities. There're issues with consignment, fluctuating value of inventory, and the tax implications of those specific transactions that require specialized knowledge. Other concerns like sales tax collection from customers and rules around exporting and importing art pieces add more layers of complexity. Bench's team of expert bookkeepers understands these industry-specific challenges - we take care of all facets of bookkeeping and tax for small fine art business owners, allowing them to focus on curating and selling masterpieces.
New technologies are amplifying the fine art world, including online marketplaces and blockchain-based provenance tracking. With Bench, you're not simply getting a regular bookkeeper, you are getting a partner that uses and understands these innovative tools. Our intuitive software works with real, human bookkeepers to master your financials - from everyday transactions to complex art consignment records. Beyond the numbers, our team is well-versed in the specific laws, regulations, and taxes that apply to the art industry. We ensure that you are fully compliant, optimizing your tax deductions while minimizing the audit risks. Bench changes the game by offering a bookkeeping experience that's tailored specifically to the nuances of fine art businesses.
Simple, straightforward pricing for everything your business needs.
Join over 25,000 US-based business owners who have streamlined their finances and have grown their businesses with Bench.
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Bookkeeping
billed annually
Bookkeeping & Tax
billed annually
Bookkeeping
billed monthly
Bookkeeping & Tax
billed monthly
Frequently Asked Questions
A professional bookkeeper with expertise in the fine art industry can help manage and streamline your tax matters in several ways. Art businesses have unique tax-related issues, such as taxes on sales and reselling, import/export taxes, and perhaps even taxes related to artistic grants or fellowships. A professional bookkeeper understands these unique challenges and will accurately handle:
- Preparation and filing of sales and use tax returns
- Tracking of inventory for artworks bought and sold
- Import and export tax management for international transactions
- Tax deductions related to art industry expenses, such as art supplies, travel, marketing, and more
- Management of grant or fellowship income and associated taxes
A professional bookkeeper for the fine art industry can alleviate the stress of dealing with complicated industry-specific tax matters, giving you more time to focus on your art.
Yes, an experienced bookkeeper is capable of offering guidance on accurately tracking inventory and sales in your fine art store. They can help you establish effective processes for recording your inventory as well as periodic reporting to ensure your records are always up to date. Furthermore, they can advise you on the best practices to keep track of sales and revenue, giving you a clear view of your store's financial health.
A bookkeeper can be a valuable asset in the ever-changing fine art market. They can help manage and optimize cash flow by tracking income and expenses, ensuring that purchases, sales, and other transactions are recorded accurately and in a timely manner. Moreover, they can provide critical financial reports that allow fine art businesses to understand their financial health and make informed decisions. Through forecasting and budgeting tools, a bookkeeper can also help anticipate and prepare for financial fluctuations in the art market, providing a more proactive approach to cash flow management. Lastly, by upkeeping the reconciliation of bank statements, a bookkeeper can identify any discrepancies or potential issues early, allowing for prompt resolution and maintaining accuracy in your financial data.
Nope! All bookkeeping is completed in-house.
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.
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 Fine art stores
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.
No credit card required. By clicking ‘Get Started’, I agree to Bench’s Terms & Privacy Policy.