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Many people underestimate the amount of effort required to be a musician. Years of perfecting the equipment, days of writing down lyrics, hours of incorporating innovative compositions, and constant rivalry in cities will make it challenging for aspiring musicians to secure daily gigs and establish a brand.
It’s one thing to be mesmerized with music. It’s one thing to earn a living as a musician, but it’s quite another to make money as a musician.
It can be intimidating to control all of your bookings and finances, mainly if you are a single musician, a musician in a new city, or even in the initial stages of making progress.
If you’re a freelance solo artist doing weekend gigs or an ensemble doing concerts all over the country, invoicing and accounting tools will make your life a lot simpler. Have a look at some of the best accounting software for musicians.
Upfront Conclusion
The best accounting software for musicians right now is Zoho Books and Freshbooks.
| Brand | Starting price | Best for |
|---|---|---|
| 1. Zoho Books | $12 – $36/month | Businesses that don’t need budgeting and payroll |
| 2. Freshbooks | $4.50 – $15/month | Self-employed individuals and managers of smaller firms |
| 3. Patriot | $20 – $30/month | Scalable features |
| 4. Bonsai | $17 – $24/Month | Excellent Customer Service |
| 5. Wave application | Free | Music startups |
| 6. Xero | $11 – $62 per month | Multiple levels of account permissions |
| 7. Sunrise application | $149 -$499 month | User-friendly and easy to use |
| 8. TopNotepad | $12.5 – $50/month | Effective accounting and expense management |
| 9. Zarmoney | $15 – $350/month | Excellent customer service |
1. Zoho Books
Zoho Books is one of the best accounting software for musicians. It is a web accounting software designed for small to medium-sized businesses. Zoho Books offers various tools that meet a big share of accounting needsof new musicians. It offers more helpful resources as compared to most of the rivals, which is very important for accounting solutions.
Features
- Automated bank feeds, a shared customer portal, accounting and taxation, online transfers, invoice models, and analytical analyses are all included in Zoho Books.
- Billing, payment alerts, auto fee, and payment thank you notes are only a few of the systematic processes that can be automated.
- Users may use Zoho Books to keep track of reimbursable costs and maintain several timesheets for various tasks.
- Organizations may also link bank or credit card transactions and match transaction feeds with automatic feeds.
- Make invoicing is as seamless as possible. With Zoho Books, you should forget about invoicing. Invoices may be created and sent electronically, and they will be charged promptly.
- Invoices that are fully customizable and represent your company’s identity
- Reminders for payments are sent automatically.
Pricing
Standard Plan
- It is billed $12 per organization per month
- You can invite 3 Users
Professional Plan
- It is billed $24 per organization per month
- You can invite 5 Users
Premium Plan
- It is billed $36 per organization per month
- You can invite 10 Users
On their page, you can find more pricing information.
Why do we recommend Zoho Books?
Zoho Books is a user-friendly accounting platform that has complete accounts debit and credit capabilities. It’s also very reasonably priced, making it the perfect accounting tool for small music companies.
2. Freshbooks
Freshbooks is a part of our reviews of the best accounting software for musicians because of its extensive set of tools and services that any musician can appreciate. It outperforms the competition in almost everything, from time management to detailed revenue and cost review.
Freshbooks accounting is a fantastic value for money. It comes with outstanding client service that will assist you in running your brand.
Features
- Invoicing, cost monitoring, time tracking, filing, and payment processing are some of FreshBooks’ most valuable features.
- Users may personalize their invoices, approve online purchases, and set payment notifications for themselves.
- Receipts may be attached to invoices, recurrent expenditures can be created, and receipts can be photographed to document expenses.
- Profit and loss accounts, revenue summaries, and spending estimates can all be used to see where the company stands financially.
- FreshBooks categorizes payment card withdrawal costs and offers a dashboard overview of all deposits.
- The time monitoring module of the framework will convert unbilled project hours through invoices, monitor billable time, and analyze project time spent.
- Paypal, MailChimp, Zenpayroll, and Basecamp can all be paired with FreshBooks.
Pricing
Lite Plan
- It starts at $4 .50 /month, and you can get 10% OFF if you subscribe to a yearly plan
- It is best for professionals with basic needs
- You can have 5 billable clients
Plus Plan
- It starts at $7.50/month and gets 10% off on the yearly price
- Best for owners looking for insights and automation
- It offers 50 billable clients
Premium Plan
- It starts at $15/month and gets 10% off on the yearly price
- Best for growing businesses that want to empower workers
- It offers unlimited billable clients
It offers a free trial period of 30 days on all plans.
Why recommend FreshBooks?
FreshBooks is designed for freelancers, microbusinesses, and small companies such as new musicians that need common accounting and accounting features, including invoicing, cost monitoring, and project management. This is great for music artists because of great features it offers.
3. Patriot
Patriot Accounting software provides musicians with a comprehensive accounting software solution. This full-service software offers features that are specific to the requirements of musicians. The accounting software may be combined with the Patriot payroll service, which many small businesses frequently struggle with, giving users access to all the crucial features needed for a successful operation.
The customer service for the Patriot software is excellent, and with the help of the online articles and tutorial videos, you can quickly become familiar with the program and begin using it.
Features
- Easy start with balances
- Bank transaction rules
- Good financial reporting
- Patriot smart suggestion
- Import bank transaction
Pricing
Patriot Accounting software offers two pricing plans: Basic and Premium. Basic plan comes costs $15/month and Premium plan costs $25/month.
Why do we recommend Wave?
Patriot Accounting software is one of the best and easiest-to-use online accounting programs available today. The software comes with a lot of features and allows users to add and invoice an infinite number of clients. When linked with the Patriot online Payroll Service, you may access all of your company’s information on a single, user-friendly platform.
4. Bonsai – Best For Excellent Customer Service
Musicians in many regions use Bonsai to manage their finances. The main reason why they use this software is its excellent customer support system. You can email your queries to the company and get a reply promptly for the best experience.
Bonsai also allows you to chat with operatives through the in-app messaging system. This is a better option if you want urgent help. Meanwhile, the platform also has a help center with frequently asked questions to answer your queries without needing an operative.
Tracking expenses is also easy with the intuitive system of this software. You can also see your different payments on a graph for better understanding.
Features
- Send business receipts to clients after accurately calculating billing hours using Bonsai’s time tracker
- Discover new potential expenses in no time
- Get detailed reports about your profit and losses during a specific financial year
- Import your business expenses from other apps through integrations
- Export your payment receipts to other software to keep all your platforms updated
- Maintain compliance by using a tax assistant to ensure your money is accounted for
Pricing
Bonsai has three packages for which you can pay every month or every year as a one-time payment. The plans offer a testing period of seven days to help you decide whether the software meets your needs. Here is the pricing of all yearly packages:
- Starter plan – $17/month
- Professional plan – $32/month
- Business plan – $52/month
Why Do We Recommend Bonsai?
We recommend Bonsai to musicians because of its excellent customer support system. The features of this software are also robust and make accounting easy.
5. Wave Accounting
Wave accounting is a free accounting service that offers awesome functionality to musician and their brands. This is a great accounting software that’s why we have added it in our list of the best accounting software for musicians.
It comes with double-entry bookkeeping, which would be the perfect option for you if you need accounting services for your music brand.
Features
- Wave’s dashboard features an invoicing platform that accepts fees for invoices.
- A small business owner may choose from various customized invoicing models to meet his or her specific needs.
- Users may send invoices by email and receive payments electronically using the software’s card processing functionality.
- For regular customers, recurring invoices and automated payment options are accessible.
- For mobile invoicing and cost monitoring on the go, the Wave iOS and Android apps are available.
Pricing
In comparison to all of the other subjects discussed in this article. There are no subscription fees for this app, and it is secure.
Why do we recommend Wave?
Wave app is an excellent option for small companies. The app is tailored to the needs of musicians, regardless of their previous experience in bookkeeping. Many organizations are supported by this app, which also includes personal accounting.
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6. Xero
Xero, an internet accounting platform for the music industry established in 2006, is another fantastic choice. Xero is famous because of its integrations and useful functionality.
Features
- Xero is the best accounting software for musicians as it enables the musicians to accept payments online as well as get paid up to twice as fast by connecting to GoCardless, Stripe, and others.
- Personal spending may also be controlled through Xero.
- Xero offers 24/7 customer assistance as well as connectivity for several different platforms, including ADP, Bill.com, and Vend.
Pricing
- Early
It costs $11 per month and is the best fit for freelancers, new businesses, and sole traders.
- Growing
This plan costs $ 32 per month, and it is good for rising small businesses.
- Established
It starts at $62 per month, and it is perfect for established businesses of all sizes.
Why do we recommend Xero?
Every company must be rewarded, and Xero provides resources to help small companies and musicians get paid more quickly. Start utilizing online invoices instead of “traditional” paper invoices.
7. Sunrise App for accounting
Sunrise offers services to assist freelancers, musicians, entrepreneurs, and small businesses in growing their business. The free software assists business owners in managing invoices and keeping track of the health of their company. Since most of the company owners don’t want to get their hands dirty with bookkeeping, Sunrise offers licensed bookkeeping services as an update to their free program.
Features
- It is a free online service that assists small business owners in quickly locating the best small business loans.
- Sunrise offers small companies free access to top-of-the-line bookkeeping applications.
- Sunrise clients can monitor their expenditures and cash flow thanks to their relationship, and they can even get access to relevant capital through Lendio.
Pricing
Get a dedicated bookkeeper and easy-to-use tools to keep track of the finances. You can subscribe to the plans that fit in your budget
- Early Plan: starts at $149 a month and up to 120 transactions limit.
- GrowingPlan allows you to make 200 transactions per month, and it costs $299 per month.
- CorporatePlan costs $499 per month with a limit of 500 transactions per month.
Why do we recommend Sunrise?
The invoicing method is brilliant, easy to use, and adaptable for musicians. It also has quoting and calculating framework that is simple to convert, as well as a simple way to email invoice alerts.
8. TopNotepad
TopNotepad offers a full-featured calculating, billing, and accounting package. Quotes, invoices, and payments will all be made electronically for the artists. They can even keep track of their sales and expenditures. All of the reports needed for tax enforcement are produced automatically by the software.
Features
- This accounting program for artists is designed to make the back-office tasks of calculating, invoicing, processing payments, reconciling, and accounting more accessible, faster, and more automated.
- TopNotepad allows artists to devote more attention to their critical jobs. The app collects fees, sends out bill reminders to customers, generates tax records, among other time-consuming tasks.
- A cash book is included in TopNotepad, and it keeps track of daily business transactions. After that, the cash ledger is used to generate balance sheets and profit and loss statements.
- Estimates and quotes are often included in the app, allowing consumers to generate estimates and translate them into invoices.
Pricing
There are three distinct pricing choices based on the number of users and the volume of data capacity.
- Free Trial
- Pond Plan costs $12.5/month
- Lake Plan is for $25/month
- Sea Plan costs $37.5/month
- Ocean Plan is for $50/month
Why do we recommend TopNotepad?
The platform is adaptable to SMEs as well as big companies and musicians because of great features and pricing.
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9. Zarmoney
ZarMoney is a reliable accounting solution for companies of all types that is hosted on the internet. ZarMoney was created to assist companies in increasing efficiency while lowering costs and eliminating mistakes associated with manual operations. From a single unified portal, this solution will manage both expenditures and earnings.
Features
- Can easily handle all accounting jobs.
- Provides professional-level of invoicing capability; you can quickly and easily manage your bills.
- It comes with an option to connect banks, allowing transactions to be automatically updated in the system for more efficient bookkeeping.
- Easy to use even if you are new to accounting.
Pricing
Entrepreneur
this plan costs $15 per month and allows only 1 user with unlimited transactions
Small Business
this plan is available for $20 per month, and it includes 2 users with unlimited transactions. Pay $10 for each additional user.
Enterprise
This plan starts from $350 per month with 30+ Users with custom features.
A free trial is available with ZarMoney.
Why do we recommend Zarmoney?
Zarmoeny, unlike any other accounting software, allows musicians to have complete power over all the aspects of their brand or organization, including tracking, personalized reporting, and automated controls.
Conclusion
Price, scalability, ease of usage, credibility, and accounting functionality were all considered while making the list of best accounting software for musicians. The longer a company has been around, the more often the technical problems are overcomed, ensuring that a company’s critical financial information is recorded correctly.
The second most critical factor to remember was scalability. When a business expands, so do its accounting requirements, and converting financial data to new applications can be time-consuming. Finally, since all musicians need to access and review financials simultaneously, ease of use and coordination is considered.