Bookkeeping and Accounting for Martial Arts Dojos

In need of bookkeeping and accounting services for your Martial Arts Dojo? We tackle your financials, so you can focus on mastering your craft. Experience our services for free.

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How Bench works with martial arts dojos

Secure your bookkeeping, income tax prep, and filing tasks—delegated to experts and driven by one powerful platform. Bench is tailored to work with Martial Arts Dojos.

We get you set up

Our squad dedicates the time to thoroughly comprehend your martial arts dojo, address your questions, assist you in connecting your accounts, and demonstrate how Bench can work for you.

We do your bookkeeping

Each month, your professional bookkeeper will sort through your dojo's transactions and create comprehensive financial reports. If they require any additional information from you, they won't hesitate to reach out.

We deliver tax-ready financials

Our squad of experts is well-versed in martial arts dojo-specific tax regulations and will tailor their approach to your dojo's individual requirements.

Here’s why martial arts dojos like you trust Bench with their bookkeeping and accounting

Get fast, unlimited support from our expert advisors

We’ll consistently provide bookkeeping updates tailored for your martial arts dojo. Got urgent queries that simply can't be postponed? Expect a rapid response from us in less than one business day.

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Guaranteed accuracy in every detail

Our platform simplifies the automation of data inputs from most major providers to avoid typical blunders. We collaborate with merchants like Gusto, Stripe, Shopify, and Square—ensuring your martial arts dojo's finances are always precise and up-to-date.

See where you’re spending. Make smart decisions

Say goodbye to mounds of financial paperwork and tedious manual bookkeeping—our service automates inputs directly from your dojo’s linked accounts. Gain insights from a single, centralized dashboard so you can easily assess the fiscal health of your martial arts 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 martial arts dojos

Running a martial arts dojo can be a complex process, with so many unique factors to consider such as, student enrollment fees, equipment costs, facility rentals, instructor wages, and industry-specific tax obligations. Juggling these financial responsibilities while trying to focus on mentoring your students can be overwhelming. Bench Accounting is here to change that. Our dedicated, human team of bookkeepers combined with our intuitive software take care of all your bookkeeping needs, ensuring your dojo's finances are always up-to-date and accurate.

At Bench, we don't just handle your day-to-day bookkeeping, we also specialize in understanding industry-specific laws and taxes for martial arts dojos. For instance, we are knowledgeable about the nuances of gross receipts taxes, deductibles like professional development for instructors, and unique facility cost allocations that a martial arts dojo can leverage to reduce taxable income. During tax season, we prepare your financials and deliver tax-ready financial statements to simplify the process. With Bench, you can focus on sharpening your martial arts techniques and mentoring your students, knowing that your dojo's financial health is in expert hands.

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 dojo owner, what specific expenses can I deduct from my taxable income for accounting purposes?

As a dojo owner, you can deduct numerous specific expenses from your taxable income for accounting purposes. Some of these may include:

  • Rent and Utilities: This includes the costs associated with renting or leasing your dojo space, along with related utilities such as water, electricity, heating, and garbage disposal.
  • Equipment: Equipment necessary for operating your dojo, such as mats, uniforms, training tools, and protective gear.
  • Salaries and Wages: If you have employees, their salaries and wages can be deducted. This includes part-time and full-time employees, as well as contracted personnel.
  • Insurance: Costs of insurance, including general liability and property insurance, can be deducted.
  • Professional Services: Fees for professionals like lawyers, accountants, and consultants can be written off.
  • Marketing and Advertising: Expenses related to marketing and advertising your dojo should be deductible. This includes things like website maintenance, paid advertisements, and printing costs for fliers or brochures.

Keep in mind that this list is not exhaustive, and the specifics can vary based on your location and specific business model. Always consult with a qualified accountant or tax professional to make sure you are deducting everything that is admissible for your dojo.

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How should I handle the bookkeeping for membership fees and ad-hoc training sessions at my martial arts dojo?

To handle bookkeeping for membership fees and ad-hoc training sessions, you need to track and categorize each source of income separately. Membership fees could be set as recurring revenues in your ledger, while the ad-hoc training sessions can be recorded as income once you receive the payment. In situations of discounts or scholarships, make sure they are accounted for accurately. If this seems complicated or time-consuming, hiring a professional bookkeeper can prove to be beneficial. They can not only help you manage your accounts systematically but also assist you in making strategic financial decisions.

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What are some common financial pitfalls in the martial arts industry and how can effective accounting help avoid them?

There are several financial pitfalls commonly observed in the martial arts industry. Some of these include inconsistent income due to variable student enrollment, high overhead costs related to leasing and maintaining facilities, and inadequate financial planning for equipment upgrades and repairs.

However, effective accounting can assist in overcoming these challenges. Here's how:

  • Forecasting & Budgeting: With help of accurate bookkeeping, martial arts schools can predict their income and budget accordingly, managing the inconsistent nature of student enrollment.
  • Expense Management: Regular account reconciliation can help control overhead costs, ensuring all expenses are tracked and wasteful spending is minimized.
  • Planning Capital Expenditures: Sound accounting can help allocate funds effectively for necessary expenses such as facility upgrades or equipment purchases, ensuring the longevity of the business.

In conclusion, sound accounting practices can provide a formidable financial foundation for any martial arts studio, helping them navigate the unique challenges of this industry with confidence and foresight.

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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 Martial Arts Dojos

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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