What is an Expense?

An Expense, whether a Fee or an Advance, is a sum that the Organization spends to produce or promote Artists & Repertoire, which will be recouped, in whole or in part, against the Royalties owed to your Rights-Holders. To learn more, follow the links below.

In accounting, the Expenses are recorded at the debit of the Organization when the money flows out of its bank account. If you are uncomfortable with accounting basics, please check this page to learn more: https://bench.co/blog/bookkeeping/debits-credits/

Expenses List

The Expenses List displays several columns by default, including:

Column Name	Instructions
Name	The Name of the Expense
Status	The Status of the Expense
Type	The Type of the Expense
Rights-Holders	The Rights-Holders associated with the Expense
Money Out Contract	The Money Out Contract associated with the Expense
Amount	The Amount of the Expense
Recoupable Amount	The Recoupable Amount of the Expense
Creation Date	The Creation Date of the Expense.

You can add or remove additional columns using the optional Custom Columns feature.

Expenses List Statuses

The followings are the different statuses and meanings you may encounter on the Expenses list:

Status Name	Details
Draft	The Expense was added but not processed yet.
Processing	The Expense is being processed.
Processed	The Expense has been fully processed.