Bookkeeping Services for Songwriters

Bookkeeping and Accounting for Songwriters

Looking for a bookkeeper and accountant for your songwriting career? We handle your financial melody, so you get more time to focus on crafting your music. Try us for free.

* No Debit/Credit Card Required
Accracy Accounting Online Remote Bookkeeping Services for Songwriters
Accracy Accounting QuickBooks Certified ProAdvisor
Accracy Accounting Xero Certified Advisor
Accracy Accounting Gusto Payroll Certiication
Accracy Accounting Fathom Certified Advisor
Accracy Accounting Karbon Certified Expert
Free 1 Month Bokkeeping Trial

New Customer Offer

We are offering free 1 Month Basic Bookkeeping to all new customers so you can experience Accracy's seemless and professional services.

* No Debit/Credit Card Required

How Accracy works with Songwriters

Looking for a bookkeeper and accountant for your songwriting career? We handle your financial melody, so you get more time to focus on crafting your music. Try us for free.

Accracy Accounting CPA CA Oversight
We get you set up

Our team makes the effort to fully comprehend your work as a songwriter, address any uncertainties you may have, assist you in connecting your accounts, and demonstrate how Accracy caters to your specific needs.

Accracy Accounting Digital Fluency
We do your bookkeeping

Every month, your dedicated bookkeeper arranges your songwriting related transactions and drafts financial summaries. If they require any additional information from you, they'll directly communicate with you.

Accracy Accounting One-on-one expert support 24/7
We deliver tax-ready financials

Every month, your dedicated bookkeeper arranges your songwriting related transactions and drafts financial summaries. If they require any additional information from you, they'll directly communicate with you.

Here’s why Songwriters like you trust Accracy with their bookkeeping and accounting

Get fast, unlimited support for Songwriters with Accracy Accounting and Bookkeeping Services

Get fast, unlimited support from our expert advisors

At Accracy Accounting, we understand the rhythm of your work as a songwriter. We'll keep you in tune with your financials, providing you with regular bookkeeping updates. And we're always ready to hit the high notes when it comes to your pressing concerns. You can expect a response from us within one business day or less.

Guaranteed accuracy in every detail for Songwriters with Accracy Accounting and Bookkeeping Services

Guaranteed accuracy in every detail

Our platform enables seamless integration of financial data from most major providers to prevent common errors. We collaborate with entities similar to Gusto, Stripe, Shopify, and Square ensuring your financial records, which include your song royalties, are always accurate. This is especially beneficial for songwriters like you, as it enables you to focus on your craft instead of the numbers.

Make Smart Decisions for Songwriters with Accracy Accounting and Bookkeeping Services

See where you’re spending. Make smart decisions

Say farewell to cluttered sheet music and hours of manual royalty tracking — with Accracy, we automate inputs directly from your linked accounts. Glean insights from one centralized platform so you can effortlessly comprehend your financial health and make informed decisions for your songwriting career.

Bookkeepers for Songwriters

At Accracy, we understand that running the business side of being a songwriter can be a challenging and tedious task, considering the multitude of industry-specific taxes and laws applicable. From income classification complexities, such as ASCAP or BMI royalties, to understanding the tax deductions related to studio rentals, equipment expenses, and travel costs - it can easily become overwhelming. This is where Accracy comes into play. We whip your songwriting finances into shape, ensuring that they are efficient, organized, and fully compliant with the laws.

Our team doesn't just solve the bookkeeping needs of songwriters, but also transforms it through a unique blend of intuitive software and personalized support from real, human bookkeepers. As we navigate the financial landscape of your songwriting business, our expert team ensures that your royalties, advances, and that all-important tax return are accurately managed. You will not only gain peace of mind but also more time and energy to focus on your real passion - creating music. With Accracy, you can trust that all your songwriting bookkeeping and tax needs are well taken care of, in a way that's never been done before.

Accracy Pricing

Simple, straightforward bookkeeping pricing for everything your business needs.

Join over 1000 business owners who have streamlined their finances and have grown their businesses with Accracy.

Basic

Starting from
$200 / month billed annually
  • Dedicated Bookkeeping Experts
  • Accurate Books with Year-End Financial Records Ready for Tax Season
  • Automating Your Processes Through QuickBooks, Xero and others
  • Accrual or Cash basis accounting
  • 24/7 Support
  • Unlimited communication with your bookkeeping team
Contact Us

Catch Up Bookkeeping

$500 / Billed Once
  • Accurate Books with Year-End Financial Records Ready for Tax Season
  • Automating Your Processes Through QuickBooks, Xero and others
  • Accrual or Cash basis accounting
  • 24/7 Support
  • Unlimited communication with your bookkeeping team
Contact Us

Executive

Customized Pricing

Everything in Basic plan +

  • Dedicated Account Manager
  • Sales Tax
  • Corporate Tax
  • Payroll
  • Accounts Payable
  • Accounts Receivables
  • Full Support Team
  • + Additional Customized Services

Schedule a Meeting

Basic

Starting from
$250 / month
  • Dedicated Bookkeeping Experts
  • Accurate Books with Year-End Financial Records Ready for Tax Season
  • Automating Your Processes Through QuickBooks, Xero and others
  • Accrual or Cash basis accounting
  • 24/7 Support
  • Unlimited communication with your bookkeeping team
Contact Us

Executive

Customized Pricing

Everything in Basic plan +

  • Dedicated Account Manager
  • Sales Tax
  • Corporate Tax
  • Payroll
  • Accounts Payable
  • Accounts Receivables
  • Full Support Team
  • + Additional Customized Services

Schedule a Meeting

Frequently Asked Questions about Bookkeeping and Accounting for Songwriters

As a songwriter, tracking and managing your royalties and copyrights can be challenging, but they're crucial components of your financial well-being. Here's how you can do it effectively:

  1. Stay Organized: Keep accurate records of all your songs, licensing deals, and royalty agreements. This information will be crucial for tracking earnings and ensuring you've been paid properly.
  2. Use Professional Accounting Services: Services like Accracy Accounting can help manage your financial affairs, taking care of all your bookkeeping needs and ensuring your finances are correctly managed.
  3. Understand Copyright Laws: Understanding your rights as a songwriter is critical. Register your work with copyright offices and Performing Rights Organizations. This not only protects your work but also ensures that you receive all royalties you're entitled to.
  4. Utilize Royalty Collection Services: Companies like ASCAP, BMI, and SESAC can collect royalty payments on your behalf from various sources, making it easier for you to manage and track your earnings.

Don’t worry if you find any of this overwhelming, as a songwriter, your priority is your art. Let Accracy Accounting handle your financial management, and ensure you receive every dollar you've earned.

Income derived from songwriting including royalties, advances, and performance rights are considered self-employment income. This means that in addition to regular income tax, you'll also have to pay self-employment tax, which includes contributions to Medicare and Social Security. Furthermore, it's crucial to note that tax deducted at source might not be applied to these earnings, leaving the entire tax burden to be addressed during your tax filing.

Generally, advances and royalties are taxable when received, irrespective of the method accounting you use. Performance rights income becomes taxable when payments are made or when the rights to payment are sold.

You're also entitled to deducting business expenses directly related to earning your songwriting income. This might include equipment or studio rental costs, marketing, and promotion, etc.

Tax law and its application can be complex and multifaceted, hence, appropriate bookkeeping practices are essential to ensure accurate reporting and optimal deductions. Consider working with a knowledgeable bookkeeper who is familiar with the specifics of the music industry, to help you navigate through taxation efficiently and legally.

Songwriters are eligible to claim numerous types of specific expenses for tax deductions. This can include professional fees and dues, home studio costs, instrument repairs, travel expenses associated with performances or meetings, promotional costs, and more.

When it comes to recording these expenses, keeping detailed and consistent records is key. Preserve receipts, invoices, bank statements, and other documents that detail your expenses. Create an organized system for tracking these costs, whether it's in a spreadsheet or accounting software. Be sure to outline what the expense was for, the date, and the amount. Also, keep a separate bank account or credit card for your business-related expenses to easily separate them from personal costs.

At Accracy, we can help manage all areas of your bookkeeping, including tracking your expenses and helping you get the most out of your tax returns. We're knowledgeable about specific deductible expenses for songwriters and can ensure they're accurately recorded to minimize your taxable income.

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.

Accracy Accounting Frequently Asked Questions (faq)

Our Services

Your Needs, Our Solutions: Total Coverage Guaranteed

Stress-Free Bookkeeping and Back Office Accounting Solutions for Your Business.

Bookkeeping

Precise Financial Organization

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.

Bookkeeping

Financial Reporting

Actionable Financial Insights

Beyond 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 Reporting

Accounts Payable & Receivable

Efficient Accounts Management

Efficiency 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.

Catch-Up Bookkeeping

Timely Financial Updates

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 Bookkeeping

Fractional Controllership

Strategic Financial Guidance

Experience 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

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