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April 18, 2009 / alunatunes

Musicians and Money- Tracking income and expenses


Here’s a tip for managing road expenses and income: use the envelope method. In goes your guarantees and other income (merch sales, tips, etc) with the date and amount noted on the envelope. As expenses come up, remove cash for the expenses and note those on the envelope. Envelopes are handy and can be
stuffed in your pocket. Unless you’re making loads of cash and in that case you may not have need an envelope but a bucket.

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