Bookkeeping and Accounting for Influencers
Looking for a bookkeeper and accountant for your influencer business? We handle your books, so you can dedicate more time to growing your followers and creating content. Sign up today and get a free month of bookkeeping.
How Bench works with influencers
Secure your bookkeeping, income tax prep, and filing done by experts—all underpinned by one robust platform. Bench works seamlessly with influencers.
We get you set up
Our team invests time in thoroughly understanding your personal brand as an influencer, answering your queries, assisting you in connecting your revenue streams, and guiding you on how Bench can simplify your bookkeeping.
We do your bookkeeping
Every month, your personal bookkeeper arranges all your influencer-related transactions and puts together your financial statements. If they require any additional information from you, they’ll promptly reach out.
We deliver tax-ready financials
Our team of experts is well-versed with the financial intricacies of the influencer industry and will adapt their methods to your personal brand's distinct requirements.
Here’s why influencers like you trust Bench with their bookkeeping and accounting
Get fast, unlimited support from our expert advisors
We'll continually touch base with updates on your bookkeeping. Got urgent queries that can't be postponed? We'll revert to you within one business day or less, perfectly suited for the fast-paced lifestyle of influencers.
Guaranteed accuracy in every detail
Our platform enables you to streamline data from leading platforms to sidestep usual pitfalls. We partner with influencer-favored platforms like Instagram, PayPal, YouTube, and Patreon—ensuring your finances are always spot-on.
See where you’re spending. Make smart decisions
Say farewell to mountains of receipts and the hassles of self-accounting—we automate your financial data directly from linked accounts. Receive insights from a single, easy-to-understand dashboard so you can effortlessly gauge the health of your influencer career and make strategic financial decisions.
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 influencers
At Bench, we understand that influencers have unique financial needs and challenges, whether you're an established name or just starting to gain traction. Influencer income often comes from a variety of sources such as brand partnerships, ad revenue, merchandising and sponsored content which can add layers of complexity to the bookkeeping process. With the influencer industry evolving rapidly, the taxation laws and financial regulations governing it can be as unpredictable as social media trends. Our team of expert bookkeepers are familiar with these unique conditions, ensuring you stay on top of your taxes and industry-specific regulations, freeing up more time for you to focus on content creation and growing your audience.
The innovative Bench model pairs intuitive software with real, human bookkeepers, allowing for seamless management and understanding of your financials. Not only will we handle your day-to-day bookkeeping, but we also help to navigate the often complicated waters of industry-specific tax deductions like home studio costs, travel expenses for business trips, and more. We take time to understand the specifics of your influencer business so we can tailor services to suit your individual needs. So with Bench handling your bookkeeping and tax for your Influencer business, you can relax knowing the financial side of your operation is in expert hands.
Simple, straightforward pricing for everything your business needs.
Join over 35,000 US-based business owners who have streamlined their finances and have grown their businesses with Bench.
Choose Plan
Bookkeeping
billed annually. 100% tax deductible.
Bookkeeping & Tax
billed annually. 100% tax deductible.
Bookkeeping
billed monthly. 100% tax deductible.
Bookkeeping & Tax
billed monthly. 100% tax deductible.
Frequently Asked Questions
As an influencer, managing and tracking payments from multiple social media platforms can be a bit challenging. With our specialized bookkeeping service, this task becomes simpler. Our professional bookkeepers use advanced tools and software to keep track of your earnings across various platforms. They organize this information in a way that's understandable and accessible to you. Furthermore, they also ensure these earnings are correctly recorded for tax compliance. Along with these, our bookkeepers assist in invoicing, receipt tracking, financial reporting, and other crucial financial management tasks to seamlessly oversee your social media earnings.
As an influencer, there are several expenses you may be able to claim as tax deductions. These include:
- Advertising and Promotion: If you spend money on advertising materials or promote your social media channels, these expenses could be tax-deductible.
- Home office expenses: If you use a portion of your home specifically for your work as an influencer, you may be able to deduct a portion of your housing expenses such as rent or mortgage payments, utilities, and home insurance.
- Travel expenses: If you travel for your influencing work and can substantiate these expenses, they may be deductible.
- Professional fees: Fees paid to managers, publicists, and attorneys can certainly be written off.
- Computer and Tech Equipment: If you use certain tech devices specifically for your influencing work, like a camera, a computer or a smartphone, you might be able to claim these as business expenses.
Keep in mind that tax laws vary by location and individual situation, so it's important to consult with a professional tax advisor to ensure that you're accurately reporting your expenses.
Handling accounting for brand partnerships and sponsored posts can be tricky, but it's certainly manageable with the right approach and tools. It involves tracking all income, expenses, and agreements associated with each partnership or sponsored post. Each transaction should be clearly recorded and categorized for ease of analysis and tax prep.
If you are handling numerous partnerships or sponsorships, it might get overwhelming. An experienced bookkeeper or an accounting software like Bench Accounting can help you streamline this process. Our bookkeeping professionals at Bench can provide custom solutions for your business needs, ensuring you always accurately track and report your financials for brand partnerships and sponsored posts.
We can help you keep a clear record of received payments, payment due dates, associated expenses, and agreements. With this organized approach, Bench simplifies your bookkeeping and provides you with real-time access to your financial data, allowing you to focus on building more beneficial partnerships for your brand.
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 Influencers
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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