Bookkeeping and Accounting for Horse Trainers

Looking for a bookkeeper and accountant for your horse training business? We'll handle the finances, so you get more time to focus on training and care. Try us for free.

Oops! Something went wrong while submitting the form.

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

How Bench works with horse trainers

Have all your bookkeeping, income tax prep, and filing needs gallop smoothly with expert assistance—powered by one robust platform. Bench works harmoniously with horse trainers.

We get you set up

Our team takes the time to fully grasp your horse training business, address your inquiries, assist you in connecting your accounts, and demonstrate how Bench can function seamlessly with your operations.

We do your bookkeeping

Every month, your dedicated bookkeeper efficiently arranges your horse training business transactions and compiles financial statements. Should there be any additional information required from your end, they’ll contact you.

We deliver tax-ready financials

Our team of experts is well-versed in equine business tax regulations and will tailor their approach to meet your horse training business’s specific requirements.

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

Get fast, unlimited support from our expert advisors

We continually provide bookkeeping updates tailored to your horse training business. Got urgent inquiries that simply can't be postponed? Expect a response from us in less than a business day.

women with headset and laptop sitting on the couch
screenshot of Bench support app

Guaranteed accuracy in every detail

Our platform empowers you to streamline data inputs from leading providers to circumvent frequent errors. We partner with vendors such as Gusto, Stripe, Shopify, and Square—ensuring your equine business finances are consistently precise. So, as a horse trainer, you have more time to focus on training and less time worrying about the books.

See where you’re spending. Make smart decisions

Wave farewell to mountains of administrative work and tedious manual record-keeping—we automate data entry directly from your connected accounts. Obtain insights from one unified dashboard so you can quickly comprehend the financial standing of your horse training business and make informed decisions.

people doing their bookkeeping at a table

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
Trust Pilot review previewCapterra review previewG2 review previewGetApp review preview

We know bookkeeping for horse trainers

At Bench, we understand the complexity and nuances that come with bookkeeping in the equestrian industry. For horse trainers, in particular, keeping track of a myriad of expenses from feed and veterinary care to equipment and training facilities, can be a daunting task. Your focus is rightly on providing exceptional care and training services to your equine clients, and navigating industry-specific tax laws and issues isn't where you want to devote your energy. That's where Bench steps in, delivering unparalleled online bookkeeping services tailored to the unique needs of horse trainers.

We employ a unique blend of intuitive software and real human bookkeepers with expertise in regulations, laws, and taxes governing the equestrian industry. This includes understanding of regulations around employees in this industry, from payroll to workers' compensation. Additionally, we recognize the common bookkeeping issues associated with costs like stable fees, horse purchases, and even those related to travel for shows or competitions. With us handling your bookkeeping, you can confidently focus on your passion—training horses—and leave the financial legwork to us. Our team will ensure that your books are up-to-date, accurate, your taxes are done right, and your business runs in compliance with all the necessary financial rules and regulations.

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

Close and Open IconA graphic of a plus and minus icon that represents the action to close and open.
What specific expenses can I claim as tax deductions as a professional horse trainer?

As a professional horse trainer, there are several tax deductions you might be eligible to claim to reduce your taxable income. These include:

<ul><li>Travel expenses related to horse shows, training efforts, buying horses, and other business travel</li><li>Horse-related expenses such as feed, veterinary fees, grooming, and exercise</li><li>Training equipment and supplies</li><li>Farm equipment and machinery</li><li>Depreciation of assets such as horse trailers, equipment, and the horses themselves</li><li>Insurance costs</li><li>Property rent or mortgage interest expenses</li></li>Professional services like bookkeeping, legal advice, or consultation fees</li></ul>

Please consult with a tax professional or your bookkeeper to ensure that you are claiming all the deductions that apply to your specific situation. The information provided here is intended as a general guide and may not cover all possible deductions.

Close and Open IconA graphic of a plus and minus icon that represents the action to close and open.
How do I manage and categorize the various income streams in horse training, such as lessons, boarding fees, and horse sales?

Managing and categorizing various income streams in the horse training industry is simplified with professional bookkeeping. Here's how each can be handled:

<ul><li><strong>Lessons:</strong> The revenue from horse riding lessons should be recorded separately. Receipts and invoices should always indicate that the payment is for a lesson.</li><li><strong>Boarding Fees:</strong> Any income received from boarding horses should also have its separate category. It's crucial to keep a record for each horse you board, including their boarding fees.</li><li><strong>Horse Sales:</strong> When selling a horse, not only should the sale be recorded, but also any costs associated with maintaining and training the horse prior to the sale. This will provide an accurate picture of your profits.</li></ul>

Managing these income streams can be complex and time-consuming. Working with a bookkeeper like Bench Accounting, who understands the demands of your business, will ensure your books are accurate and up-to-date.

Close and Open IconA graphic of a plus and minus icon that represents the action to close and open.
Are there specific accounting principles related to maintaining and depreciating equine assets?

Yes, there are specific accounting principles related to maintaining and depreciating equine assets. Equine assets, like other living assets, are expected to depreciate over their useful life span. This is governed by laws and regulations under the Generally Accepted Accounting Principles (GAAP). GAAP principles determine varying aspects such as initial cost allocation, annual depreciation calculations, and procedures for any impairment or gain recognitions at the time of disposal. It is recommended to work with a knowledgeable bookkeeper or accountant who is experienced in equine related accounting to ensure accurate depreciation calculations and record keeping.

Close and Open IconA graphic of a plus and minus icon that represents the action to close and open.
Does Bench outsource bookkeeping?

Nope! All bookkeeping is completed in-house.

Close and Open IconA graphic of a plus and minus icon that represents the action to close and open.
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.

Close and Open IconA graphic of a plus and minus icon that represents the action to close and open.
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 Horse trainers

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.

Thank you! Your submission has been received!
Oops! Something went wrong while submitting the form.

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