Tour accounting is a special responsibility which requires a unique and exceptional type of expertise: business management, job-cost accounting, music industry knowledge combined with maintaning relationships with vendors and venues around the world. With vast experience in all areas, Bernard and Gaspard Financial has the ability to tailor services for these and other unique client needs. With relationship in all facets of the entertainment world, and experienced tour accountants inside the office or on the road, you will receive exceptional service. Tailored services provide a more cost efficient method which increases profits and builds your wealth enabling clients to focus on what they do best, entertain.
Budgeting
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Prepare, monitor, and manage tour budget.
Cash Management
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Oversee accounts receivable and payable for tour and traveling entourage; facilitate banking relationships; reconcile bank accounts. Bonded Cash Management Foreign Currency Exchange Issues
Contracts and Negotiations
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Negotiate and structure financial arrangements with booking agencies, promoters, subcontractors, and box offices; verify settlements; prepare financial riders. Negotiating and Monitoring merchandising contracts
Insurance Evaluation
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Research and recommend necessary insurance.
Financial Controls
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Ensure accurate reporting and safeguarding of assets; verify venue controls, revenue, direct charges, expenses, and merchandising sales.
Financial Reporting
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Provide complete financial statements and summaries of tour accounting.
Revenue Procurement
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Identify and secure ancillary revenue opportunities, including licensing, sponsorship, and merchandising ventures.
Tax Planning
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Plan and prepare federal, state, and local tax returns, as well as international compliance capabilities.
