Bookkeeping and Accounting for Music Producers

Need a bookkeeper and accountant for your music production business? We handle your books, so you can get back to orchestrating those killer tunes. Try us for free.

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How Bench works with music producers

Get all your bookkeeping, income tax prep, and filing, effortlessly orchestrated by experts—backed by one vibrant platform. Bench harmonizes with music producers.

We get you set up

Our dedicated specialists invest time in fully comprehending your music production business, providing answers to your queries, aiding you in connecting your accounts, and walking you through how Bench can streamline your financial workflows.

We do your bookkeeping

Every month, your dedicated bookkeeper categorizes your music production expenses and prepares detailed financial reports. If they require any further information from you, they'll promptly reach out.

We deliver tax-ready financials

Our team of experts is well-versed with the tax regulations for music producers and will tailor their strategies to your business' specific requirements.

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

Get fast, unlimited support from our expert advisors

We're always on hand with timely bookkeeping updates tailored to music producers. Got urgent production-related financial queries that can't be put on hold? We promise to respond to you within one business day or less.

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screenshot of Bench support app

Guaranteed accuracy in every detail

Our system enables you to automate data inputs from leading platforms, avoiding typical errors. We collaborate with partners such as SoundCloud, BeatStars, Bandcamp, and TuneCore—ensuring your financial records are always precise as a music producer.

See where you’re spending. Make smart decisions

Wave farewell to heaps of song royalty statements and time-consuming manual royalty tracking—we automate inputs directly from linked accounts. Gain insights from one unified dashboard so you can easily assess the financial health of your music production 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 music producers

Navigating the financial landscape of the music production industry can be complex with its unique set of taxes, royalty payments, licensing fees, and intricate laws. Many music producers juggle multiple income streams from album sales, concerts, merchandise, and broadcasting rights, creating a tangled web of bookkeeping intricacies. This is where Bench steps in. Our intuitive software combined with a team of real, human bookkeepers are here to simplify the financial side of your music production business, providing clear and precise bookkeeping that is attuned to the rhythm of your finances.

We understand the unique tax scenarios such as write-offs for recording studio time, equipment purchases, royalties, and licensing fees. Our expert team is also acquainted with the music industry's copyright laws and can assist in accurate recording and classification of your income and expenses. We relieve the pressure of tax season by preparing and filing your taxes, worry-free. At Bench, we ensure your financial records hit all the right notes so that you can focus on what you do best—creating and producing music. We're not just keeping the beat, we're changing the rhythm of small business accounting in the music production industry.

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 music producer, how can accounting services help me manage and track my various income streams?

As a music producer, you usually have multiple income streams, which can include record sales, royalties, performance fees, merchandise sales, and more. It can be complicated and time-consuming to keep track of all these different income streams yourself.

Accounting services can simplify this task by recording, tracking, and managing all your incomes. They can provide clear and organized reports on your finances, so you can see where your money is coming from and how much you're making from each source. This not only ensures that you're always aware of your financial situation, but also aids in tax preparation and making strategic business decisions.

Bench Accounting offers comprehensive bookkeeping services tailored to the needs of music producers. Our expert bookkeepers use modern, efficient tools to handle your accounting, giving you more time to focus on making great music.

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What specific tax deductions or benefits should I be aware of in the music production industry?

There are several specific tax deductions and benefits available in the music production industry, including:

  • Home Studio: If your home is used as a recording studio, you can deduct part of your housing expenses including mortgage, rent, utilities, and insurance.
  • Professional Development and Education: Educational expenses related to maintaining or improving your skills in the music industry are generally tax-deductible.
  • Equipment and Supplies: Instruments, music books, recording equipment, and other gear used in your music practice are usually deductible.
  • Travel Expenses: Costs incurred for travelling to gigs, concerts, or recording sessions may be deductible.
  • Marketing and Promotion: Expenses for promoting your music, such as website development, social media advertising, and album production, can likely be deducted.

It's important to note that tax laws can change, and specific deductions can vary based on your individual situation. It's always best to consult with a tax professional or bookkeeper who's familiar with the music industry.

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How can bookkeeping services assist with managing budgets for music production projects?

Bookkeeping services can play a vital role in managing budgets for music production projects. They help record all the transactions, track the expenses, and ensure that the project remains within the budget. With a professional bookkeeper, you'll have a clear view of your financial picture and be able to make informed decisions. They can highlight any areas where expenses are exceeding their limits, enabling proactive adjustments. Moreover, they can help in identifying cost-saving opportunities and monitor cash flow to avoid potential financial setbacks. This allows music producers to focus more on the creative aspects of their project, knowing their finances are in good hands.

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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 Music producers

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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