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 NameInstructions
NameThe Name of the Expense
StatusThe Status of the Expense
TypeThe Type of the Expense
Rights-HoldersThe Rights-Holders associated with the Expense
Money Out ContractThe Money Out Contract associated with the Expense
AmountThe Amount of the Expense
Recoupable AmountThe Recoupable Amount of the Expense
Creation DateThe 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 NameDetails
DraftThe Expense was added but not processed yet.
ProcessingThe Expense is being processed.
ProcessedThe Expense has been fully processed.