Financial Groove handles the financial affairs of musicians, artists and entertainers, bridging the gap between the creative and business sides of the entertainment industry. We have specific knowledge of negotiations, accounting skills, investments and taxes in the music business . We also work as Music Business Consultants to advise artists, music industry professionals and entrepreneurs on music business strategy for their career or business.

The music and entertainment industry is very specialized with many intricacies and special circumstances affecting finances and credit records.  Bands often don’t think of themselves as a business; however, by doing so artists can affectively take their careers to the next level.  Becoming aware and accountable of the costs and benefits on tours, recordings, gigs, and songwriting, creative energy can be leveraged into financial gain. Accurate financial reports will readily be put to use for sponsors, backers, investors etc. Financial Groove considers it our responsibility to educate our clients and review financial statements directly.  Condensed into a simple and easy-to-understand summary, artists will always know how much money they have, where it is and where it is coming from.  Artists and/or management will make all significant decisions with the guidance of our international experience in business and finances.

We understand that numbers may be intimidating to many artists or make them nervous.  Financial Groove can step in to ensure performance fees and royalties are accurate and paid.  We will track income, making it easy to see where the most profit is made.  Bill paying and personnel payrolling makes it easier to concentrate on making music and touring.  Calculation of net after qualified productions expenditures will ensure agents are receiving the correct commissions.  We can take care of settling with the box office and making correct deposits.  We can make sure touring doesn’t run over budget giving artists the chance to fix it rather than finding out afterwards.

For new artists, it is important to watch every penny in order to survive and stay afloat as well as grow in the most lucrative direction.  For established artists, it is important to maintain financial accuracy and institute controls to ensure long term financial stability and success.  Financial Groove will pave the way for financial success to go along with artistic achievement.

   

   Our dedication to advancing the arts begins with a foundation in the artists of tomorrow. We have developed a specialized program of tools and services for the dance studios teaching and growing our future dancers.

   Financial Groove will give you the strategies, techniques, and tips to develop your Dance Studio into a successful business. We are here to inspire you into action, completely take care of your finances, and help keep you accountable to grow your Dance Studio. It is important to track all of your numbers, and we will take care of that for you. We will translate your financial data into useful information to make profitable decisions. You will be given a checklist of necessary data to send to Financial Groove, and we take care of the rest!
  
   We know the dance industry, the problems you face, and the elements that need to be balanced. We also understand the importance of maintaining artistic integrity that is not involved in normal businesses. Financial Groove provides you with the tools and coaching to inspire and achieve success in your dance studio.

   Financial Groove puts together a monthly task list for you to send us the necessary information, and we also have reminder emails sent to your business to keep everything on a scheduled, consistent basis. All of your data is put into Quickbooks software, an we produce financial reports from your information to see trends and make decisions on changes that need to be made. We get together with you regularly for business coaching but are available to you for questions or concerns at any time. 

   Packages include: bookkeeping, scheduled updates, tracking systems, financial reports, business coaching, bill pay, payroll taxes, sales taxes, estimated taxes, invoicing, deposits, and paperless options.

   We provide business coaching, in which we asses the company, talk about problems and solutions you are facing, and discuss new ideas to overcome problems. These consultations are more than explaining numbers. Financial Groove helps you interpret numbers, find problem areas, and fix those problems, whether it be finding new ways to increase income or decrease expenses, entering into new marketing plans, or making adjustments to systems and policies. We will discuss how parents, teachers, students, and the community feel and engage in a dialogue to move your business forward both artistically and financially.

    Discover new ways to improve student retention, organize your business, as well as coaching and tools to analyze how to make a greater profit than ever before. This capability allows a business owner to really become savvy in investing energy and resources in the right places, like in your dancers and teaching techniques. Financial Groove ensures the future of your dance studio business by bringing you much needed balance and setting you on the pathway to success.