Bookkeeping and Accounting for Video Editors

Seeking a bookkeeper and accountant for your video editing business? We handle your finances, giving you more time to focus on perfecting your edits. Try us for free.

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How Bench works with video editors

Get your bookkeeping, income tax prep, and filing done by experts—backed by one robust platform. Bench synchronizes perfectly with video editors just like a perfect cut.

We get you set up

Our team dedicates time to fully comprehend your video editing business, answer any queries you may have, assist you in syncing your accounts, and demonstrate how Bench can benefit your workflow.

We do your bookkeeping

Each month, your dedicated accountant manages your video editing transactions and compiles financial reports. If they require any additional information from you, they'll ensure to communicate promptly.

We deliver tax-ready financials

Our proficient team is well-versed with the tax norms relevant to video editing businesses and will tailor their approach to your specialized requirements.

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

Get fast, unlimited support from our expert advisors

We’ll consistently provide you with bookkeeping updates tailored for your video editing business. Got immediate queries that need urgent solutions? Rest assured, we're committed to responding in one business day or less.

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Guaranteed accuracy in every detail

Our platform enables you to automate data inputs from most major software providers, preventing frequent errors. We collaborate with industry partners like Adobe Premiere, Final Cut Pro, Avid, and Sony Vegas—ensuring your financial records are always precise.

See where you’re spending. Make smart decisions

Say goodbye to sifting through numerous receipts and spending valuable editing time on tedious manual bookkeeping—we automate the process directly from your linked accounts. With insights available from one central dashboard, video editors can easily comprehend their financial standing and make strategic business 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 video editors

Working in the video editing industry can be complex, with countless projects, deadlines, and fluctuating incomes that can make managing your books a hassle. Video editors often handle multiple gigs at once, making it challenging to sort out streams of income, tax deductions, and industry-specific laws and regulations. But that's where Bench comes in. We simplify your bookkeeping needs, allowing you to focus on what you do best, creating stunning visual content. Our intuitive software coupled with an expert team of human bookkeepers offers comprehensive tailored solutions to meet the unique needs of your profession.

Bench understands the intricacies of the video editing sector such as the nuances of equipment and software expenses, the ebbs and flows of income, as well as the appropriate deductions you can take advantage of, such as home office expenses and job-specific travel. Moreover, our knowledgeable team stays up-to-date with the changing tax laws and regulations that impact your industry. With Bench, tax season becomes a breeze—we take care of your year-end financials and work directly with the IRS on your behalf. Our innovative approach to bookkeeping delivers a seamless and efficient experience that ensures your financial records stay organized, accurate, and compliant—making your life simpler and less stressful.

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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How does bookkeeping for video editors account for software purchases and subscriptions?

Bookkeeping for video editors adapts to include the vital aspect of software purchases and subscriptions. These are considered as essential business expenses. Software purchases are typically recorded as assets and capitalized, meaning they're spread across the lifespan of the product. Subscriptions, on the other hand, are generally considered as expenses and are deducted in the fiscal year they occur.

At the end of each accounting period, the bookkeeper may also need to account for the depreciation of purchased software. This is the process of spreading out the cost of the asset over its useful life, thus matching the expense of the software to the income it helps to generate.

Both methods are used to ensure an accurate representation of the company's financial health and to comply with local and international accounting standards.

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Can video editing equipment be considered an expense or a depreciating asset in my accounts?

Yes, video editing equipment can be counted as either an expense or a depreciating asset, depending on the circumstances. If it is a smaller piece of equipment or its useful life is less than a year, it may be considered an immediate expense. However, if it's a significant piece of equipment with a lifespan of more than a year, it can be set up as a depreciating asset. This way, the cost will be spread out over the estimated useful life of the equipment. Always consult with your bookkeeper or accountant to make the best decision for your business's specific situation.

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How should revenues from different sources like freelance projects, YouTube revenue, and royalties from my videos be accounted for in my books?

Revenues from different sources such as freelance projects, YouTube revenue, and royalties from your videos should each be accounted for separately in your books. This helps ensure accuracy and clarity in understanding your income streams.

Freelance project revenues are typically accounted for as business income once the project is completed and the client has paid. These can be categorized as 'service revenue' or 'project income'.

YouTube revenue, which might include ad revenue, channel memberships, super chat, and YouTube Premium revenue, can be registered under a separate income category named 'YouTube Revenue' or 'Digital Ad Revenue'.

Royalties from videos can be accounted for as 'royalty income' once they're received. Remember, it is essential to account for any taxes or fees deducted at source before you receive these payments.

Keeping separate accounts for each income source can simplify things during tax season and help you understand your revenue streams better. However, it's always a good idea to consult with a professional accountant or bookkeeper to ensure you're recording everything accurately.

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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 Video editors

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