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. Try us for free.

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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.

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screenshot of Bench support app

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.

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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 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.

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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How can a professional bookkeeper handle tax matters specific to the fine art industry?

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.

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Can a bookkeeper offer guidance on accurately tracking inventory and sales in my fine art store?

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.

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How can a bookkeeper help manage and optimize cash flow in the fluctuating fine art market?

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.

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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 Fine art stores

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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No credit card required. By clicking ‘Start a Free Trial’, I agree to Bench’s Terms & Privacy Policy.