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.
We are offering free 1 Month Basic Bookkeeping to all new customers so you can experience Accracy's seemless and professional services.
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.
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 Accracy can streamline your financial workflows.
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.
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'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.
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.
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.
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 Accracy 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 Accracy, 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.
Join over 1000 business owners who have streamlined their finances and have grown their businesses with Accracy.
Everything in Basic plan +
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.
Accracy 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.
There are several specific tax deductions and benefits available in the music production industry, including:
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.
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.
We understand that when our clients turn their accounting and bookkeeping services over to us, trust is paramount. We have a team of certified professionals, use proven technologies, and hold ourselves accountable every day. Yes, you can trust us with your sensitive data and to deliver accurate, timely accounting services for your business.
Absolutely. Our team members are all certified in the leading accounting systems and can quickly get your files up to date.
Don’t worry, your financial data belongs to you. Our offboarding is pretty straightforward as we transfer account ownership to you. As a bonus, there’s no stopping you from replicating the workflows we’ve created for your in-house process – in fact, we encourage it.
Savings can vary considerably depending on your current solution, but our clients tell us that it is generally between 30% and 50%.
We do not provide year-end tax filing services as we are not a CPA firm. However, if you are looking for a year-end tax accountant, we would gladly refer you to one of our partners. Having a separate bookkeeper and year-end accountant ensures additional oversight on the accuracy of your books. Your year-end tax accountant can help you review your books during tax season.
No, we are not a CPA firm. Accracy is not a public accounting firm and does not provide services that would require a license to practice public accountancy.
No. We do not offer services which fall under the jurisdiction of these organizations. We have partner organizations who can provide those services if needed by clients. A good example of such services are tax advisory or statutory filings. We have a number of non-economic partnerships with CPA firms who can help our clients with these services if needed.
Every account is set up with a Client Success Lead who will be your day-to-day contact. They’ll liaise with the rest of the team members on your account which may include an accounting manager, bookkeeper, payroll specialist, and payables specialist.
Accracy can support a wide range of companies, from small businesses and startups to large public corporations. Our services are tailored to meet the unique accounting and bookkeeping needs of businesses across various industries.
At Accracy, we operate as a fully remote team, delivering our bookkeeping and accounting services online. We have the necessary tools and systems in place to work efficiently and securely from our remote locations. We will coordinate and collaborate with your onsite team to ensure smooth communication and workflow integration.
Stress-Free Bookkeeping and Back Office Accounting Solutions for Your Business.
Embark on a transformative journey towards financial clarity with our comprehensive organizational services. Beyond mere bookkeeping, we delve deep into the intricacies of your financial records. Every transaction is meticulously documented, categorized, and structured to provide not just accuracy but a foundation for strategic financial understanding.
BookkeepingOur payroll services offer comprehensive solutions for managing employee compensation in both Canada and the US. We handle everything from accurate payroll processing and tax calculations to compliance with local regulations and benefits administration. Our services ensure timely and precise payroll delivery, streamlined tax reporting, and up-to-date compliance with ever-changing laws.
Payroll ProcessingWe offer comprehensive sales tax services, including reporting, compliance, and filing, for both the United States and Canada. Our expertise ensures that your business adheres to all relevant tax regulations, streamlines your tax processes, and mitigates the risk of errors and penalties. Whether you operate in one region or across both countries, our team is equipped to manage your sales tax.
Sales Tax FilingBeyond mere numbers, our reporting services are a gateway to actionable insights. We go beyond presenting data; we interpret, analyze, and deliver reports that serve as strategic roadmaps for your business. Timely, clear, and comprehensive, our insights empower you to make informed decisions, identify opportunities, and navigate challenges with confidence.
Financial ReportingEfficiency is the cornerstone of our accounts management services. Whether handling payables or receivables, we streamline your financial transactions to optimize cash flow. Our focus is on creating a robust system that not only meets compliance standards but also ensures that your financial operations are a well-oiled machine, contributing to the overall health of your business.
Don’t let backlog hinder your progress. Our catch-up services are designed to bring your financial records up to speed. We meticulously address any gaps, ensuring that your records are not just current but also compliant. Stay on top of your financial game with timely updates that provide a comprehensive view of your financial landscape.
Catch-Up BookkeepingExperience the benefits of seasoned financial leadership without the full-time commitment. Our fractional controllership services bring in experts to guide your financial strategies. Beyond mere oversight, our professionals actively contribute to optimizing your business performance. Benefit from strategic insights, financial planning, and a level of guidance that propels your business towards sustainable success.
Fractional Controllership