Bookkeeping and Accounting for Fishermen

Searching for a bookkeeper and accountant for your fishing business? We manage your books, so you gain more time to focus on casting your nets. Try us for free.

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How Bench works with fishermen

Get your bookkeeping, income tax prep, and fishing license filing done by experts—backed by one powerful platform. Bench works with fishermen.

We get you set up

Our crew makes the effort to thoroughly comprehend your fishing business, respond to your queries, assist you in connecting your accounts, and demonstrate how Bench can work for you.

We do your bookkeeping

Each month, your dedicated bookkeeper manages all your fishing business transactions and prepares accurate financial records. If they require any additional information, they’ll promptly reach out to you.

We deliver tax-ready financials

Our team of experts is well-versed with taxation rules that are applicable to fishing businesses and will tailor their approach to your fishing enterprise's specific requirements.

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

Get fast, unlimited support from our expert advisors

At Bench Accounting, we consistently provide you with timely bookkeeping updates specific to the fishing industry. If you have urgent questions that need answering, trust that we’ll respond within one business day, if not sooner.

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Guaranteed accuracy in every detail

Our platform is designed to automate data inputs from major providers, helping you avoid common errors often encountered in the fishing industry. We collaborate with merchants like Gusto, Stripe, Shopify, and Square—ensuring your fishing business's financial records are always precise.

See where you’re spending. Make smart decisions

Wave goodbye to mountains of documentation and labor-intensive manual records—we streamline data directly from your linked accounts. Gain insights from one unified dashboard so you can effortlessly understand the financial health of your fishing business and make 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 fishermen

Navigating the choppy waters of the fishing industry’s financial obligations can be as challenging as braving the high seas. Operating in an environment that's linked to ever-changing market prices, seasonal fluctuations and fishing quotas, fishermen surely encounter complex bookkeeping. Bench understands the unique fishing industry-related taxes, laws and bookkeeping challenges. We provide a tailored service that includes sorting out sales from various fish markets, keeping track of bait and fuel expenses, understanding your entitlement to a share of catch or profits, and managing deductions related to equipment repairs and depreciation.

What Bench does is simplify the process—we pair innovative accounting software with a dedicated team of experienced bookkeepers. Our team handles all your bookkeeping needs, ensuring compliance with all industry-specific laws and regulations. We can manage the unique tax deductions such as Crew Shares, depletion of fishing quotas, and costs of fishing gear. Additionally, we take care of fishing boat-related deductions which include vessel purchase, improvement, repair, operation and other necessary expenses. By delegating your bookkeeping to professionals who understand the ins and outs of the fishing industry, you can focus on what you do best—bringing in the catch of the day!

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 fisherman, what kind of fishing expenses can I claim on my taxes?

As a fisherman, you are entitled to claim a significant number of fishing expenses on your taxes. This include items such as:

  • Fishing Gear: This includes boats, nets, rods, bait, tackle, fuel for your boat, and any other equipment you use for fishing.
  • Travel Expenses: If you need to travel to reach your fishing locations, you can claim travel costs. Note that this includes costs for both your vehicle and boat.
  • Insurance: Costs for insuring your boat and fishing equipment can be claimed.
  • Licenses and Permits: Fishing licenses and permits needed for your fishing activities can be claimed on your taxes.
  • Maintenance and Repairs: Necessary maintenance and repairs on your fishing equipment and boat are deductible.
  • Office Expenses: If you have a designated home office for your fishing business, you can claim a portion of your household expenses including utilities, internet, rent or mortgage interest, etc.

Remember that all these expenses must be ordinary and necessary for your fishing business, and you must keep accurate records of your expenditures. Consult with a tax professional to ensure you are correctly claiming all your eligible expenses.

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Do I need to manage separate financial records for each boat or fishing operation I own?

Absolutely, yes. It's essential to manage separate financial records for each boat or fishing operation you own. This helps to accurately monitor the income and expenses of each specific operation. By doing so, you can analyse the financial health and profitability of each boat or fishing operation individually. This individual record keeping is crucial for making informed business decisions and strategic plans for growth. It also simplifies tax reporting and ensures legal compliance.

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What specific bookkeeping practices should I follow to efficiently track my income from different fishing seasons?

Some specific bookkeeping practices to efficiently track your income from different fishing seasons include:

  • Meticulous Record Keeping: This involves documenting every transaction related to your fishing business. Keep track of your sales, expenses, and any other transactions that may impact your financial status. Ensuring all financial records are precise and up-to-date makes it easier to track your income.
  • Seasonal Tracking: Your fishing business experiences different levels of activity throughout the year. Thus, your bookkeeping should reflect that. Be sure to separate your income and expenses by season to understand how each one affects your business financially.
  • Cash Flow Management: Being aware of when and where your cash is coming from and going to is essential, this can be especially important given the seasonal nature of fishing.
  • Use of a Good Accounting Software: A good accounting program can automate many aspects of bookkeeping, making it easier to keep track of your income across different fishing seasons.
  • Hiring a Professional Bookkeeper: If you lack the time or expertise to handle your bookkeeping, consider outsourcing this task to a professional. They can help you set up a proper bookkeeping system and ensure your financial records are accurate.
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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 Fishermen

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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