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# The Importance Of Record Keeping In A Band
- URL: https://www.hypebot.com/the-importance-of-record-keeping-in-a-band-draft/
- Published: 2018-11-08T10:30:00.000Z
- Updated: 2018-11-08T10:30:00.000Z
- Description: If you're a fortunate enough musician that you're actually seeing some revenue from your music, chances are you'll have to pay taxes, and deal with a good number of other. Continue reading [https://www.hypebot.com/hypebot/2018/11/the-importance-of-record-keeping-in-a-band-draft.html]
- Author: admin
- Tags: DIY Advice & Tips, Music Think Tank, accountant, DIY, DIY musicians, music, Music Business, musician, musicians, #wp, #wp-post, #Import 2026-01-21 10:00

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If you're a fortunate enough musician that you're actually seeing some revenue from your music, chances are you'll have to pay taxes, and deal with a good number of other financial issues involved with running the small business that is your band.

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In this recent post from [MusicThinkTank](https://www.musicthinktank.com/?ref=hypebot.com), **Robert Lanterman** explains why it's so important for bands be organized about their bookkeeping.*"There may come a point where financial advice or the help of an accountant may be necessary. Now, it’s important in this case to differentiate between an accountant and a bookkeeper. Where bookkeeping is purely record-keeping, [Ohio University’s website ](https://onlinemasters.ohio.edu/blog/how-to-distinguish-between-bookkeeping-and-accounting/?ref=hypebot.com)explained that accountants are “qualified to provide their employers with these same services, but they also influence companies by offering more in-depth, actionable advice regarding their finances.”"* *[\[Continue Reading\]](https://www.musicthinktank.com/blog/the-importance-of-record-keeping-for-a-band.html?SSScrollPosition=0&ref=hypebot.com)*