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Band financial software ?

Discussion in 'Band Management [BG]' started by Addni, Jan 3, 2013.


  1. Addni

    Addni

    Joined:
    May 16, 2009
    Location:
    Akureyri, Iceland
    Is anyone out there using some kind of financial software (preferably mac freeware :p) to manage your bands financial side ?

    I'm the cashier, and I tend to be having a difficult time tracking the money. I've been using excel and it's getting pretty cluttered.

    What I need to do:

    Band gets money for gig, spread down into members and into a band fund. but sometimes we have a sub playing.

    Someone buys something for the band, using his own money, band need to pay back.

    Band needs to pay rent.


    How are you guys managing all the calculations ?
     
  2. MNAirHead

    MNAirHead

    Joined:
    Nov 22, 2008
    Location:
    Minnesota - Twin Cities
    Separate federal I'd number.... Separate bank account

    Everyone gets 1099d

    Any cash out is a check

    Commercial bank accounts will send a scanned copy of deposits and checks
     
  3. Freddels

    Freddels Musical Anarchist Supporting Member

    Joined:
    Apr 7, 2005
    Location:
    Sutton, MA
    You could use Quicken or any of the book keeping software.
     
  4. Auguste

    Auguste

    Joined:
    Apr 5, 2012
    Its really not the software but knowing how to use it.

    Do you and your band truly know what debit and credit means and what are "T-accounts" and how they are the basis of accounting?

    I helped a friend set up his accounting software BUT before doing that we identified every potential type of transaction and made a complete list . . . from that list we made a guide on how to enter all transactions into the accounting system.

    We then set up the "accounts" and entered 6 months of transactions (75 pieces of paper)

    Your best friend is an experienced bookkeeper who will spend a day and help you set up your software and identify the accounts you need.

    Keep the whole thing as simple as you can.

    Remember to cross reference every entry you make into the system with each piece of paper . . . receipts, cheques etc.

    Also you have to reconcile you bank account otherwise your books will not balance.
     
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  6. MNAirHead

    MNAirHead

    Joined:
    Nov 22, 2008
    Location:
    Minnesota - Twin Cities
    Many banks will let you download a spreadsheet format... No software required -- they do it for you
     
  7. rockinrayduke

    rockinrayduke

    Joined:
    Dec 30, 2007
    Location:
    Los Angeles, CA
    After being bookkeeper for a while I found out band members didn't understand the difference between "gross" and "net". We did all the books by hand, now I'd probably use Quicken.
     
  8. ibateur

    ibateur

    Joined:
    Dec 30, 2011
    Location:
    Hilversum, Netherlands
    Microsft Money is now a free dowload. It can help tremendously
     
  9. wateroftyne

    wateroftyne

    Joined:
    Dec 22, 2002
    Location:
    The Geordie Delta, UK
  10. MNAirHead

    MNAirHead

    Joined:
    Nov 22, 2008
    Location:
    Minnesota - Twin Cities
    Dumb question....

    Is there an iOS cloud version of quicken yet?
     
  11. ibateur

    ibateur

    Joined:
    Dec 30, 2011
    Location:
    Hilversum, Netherlands
    According to PCWorld 2012 October, Intuit plans to have Quicken support it this year
     
  12. JohnMCA72

    JohnMCA72

    Joined:
    Feb 4, 2009
    Big +1. I have a saying (one of many): Never ask a computer to do something that I can't or wouldn't do myself, by hand!
     

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