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FDP Forum / Performer's Corner / Band finances



The radio makes hideous sounds-Dylan
Sep 23rd, 2017 03:51 PM   Edit   Profile  

Our band has one member who does our finances. (Pays rehearsal fees, web site costs, etc and collects gig money).
We don't draw money preferring to let it accumulate for when we need to pay for something like new lights, pa etc.

We are all hobby musicians but in the past 18 months have earns over $10,500. So not inconsequential money. In the past he has issued us a spreadsheet showing incoming outgoings and current balance. Repeated requests by me over last 2 mths have been fobbed off with "sorry been flat out at work, it's coming". Still I'm waiting though.

Does this all sound a little Suss to you?

I have told him I'm ready and willing to take over if he's not able to do the fIn con role any more. The rest of the band don't know of this dialogue, I thought I would give him the chance to be upfront without involving them.
He's telling me we have around $800 in black.

Suggestions ?

Contributing Member

Pueblo, Co

Relics produce tone, and then some...
Sep 23rd, 2017 04:04 PM   Edit   Profile  

My suggestion would be to have an accountant do it. Someone not related to you or anyone else in the band, it would be worth the cost. A year end audit would be a good idea too.

Bring it up at the next band meeting and base the reason on the simple facts, this is a common sense issue and not a trust issue, if trust is immediately lost or other personality issues arise during this logical discussion then just be honest about being leery.

If the guy is a close friend then all the more reason to just tell the truth. This makes me want to spill my guts about my son in law and the mess he has made that has cost me my gear money for the next 5 years, but I wont ;-)

FDP Data Goon

We all want

our time in hell
Sep 24th, 2017 07:43 AM   Edit   Profile  

Sounds fishy, in that you've by that accounting spent 10k on band expenses in the last year.

Are you guys Pete Townshending PAs?

Contributing Member

American Patriot

About as ordinary as you can get.
Sep 24th, 2017 10:23 AM   Edit   Profile  

I would demand your friend fess up to where the money is and how much is there. I would not take his word. I want to see current bank statements or go directly to the bank and take a look myself.

Bands and money sometimes don't work well. My first band broke up over money issues. I furnished the PA primarily because the others would not. The PA was entirely "mine" and I didn't sing but 1 or 2 songs. When I finally put my foot down and told them "you guys buy in or I'm selling the whole rig", they finally borrowed $700 and paid me in order for them to have an equal cut in the PA. The band broke up just months later. This was in late 70's.
Small bands have just as many issues and big bands in some cases.

Oh, back up a little. At one point, we needed to make a band purchase. We had a meeting and talked about it. During the meeting one of the guys broke down and started crying. He had used our money to pay some of his personal expenses. He apologized. Since he was dirt poor, we forgave him and went on from there. I'm talking an amount around $300.

(This message was last edited by BbendFender at 12:25 PM, Sep 24th, 2017)

Contributing Member

Redesdale UK

"Still Alive And Well"
Sep 25th, 2017 04:26 AM   Edit   Profile  

It's a lot of money to go missing, but I can also see the other side of it. I've always done our accounts and am sure a small number of past members were suspicious of that, only because my wife and I are both members and we founded the band, dealt with customers, sound men etc. In reality, we have always subsidised the running costs quite heavily out of our own pocket, not least through buying and maintaining the PA and lights at no cost to anyone else. So it's not easy being the book keeper and it's amazing how those running costs mount up. But nearly 10k unaccounted for will take some explaining! Good luck with it.

Juice Nichols
Contributing Member

Panama City, FL

I'm just a dude, playing a dude...
Sep 25th, 2017 05:36 AM   Edit   Profile  

With the exception of personal instruments and amps. I own everything that our band uses. The PA, lights, stands, cabeling etc are all owned by me. This is done to avoid situations described here.



Earn while you learn
Sep 25th, 2017 06:38 AM   Edit   Profile  

When I led/contracted my own band I owned everything aside from personal instruments (as Juice Nichols does).
Less headaches all around as I liked dabbling in sound systems.

These days, with my classical ensemble, I also "do everything"; contract/book gigs, compose music, maintain the website, burn/label/mail demo CD's, business phone, pay for online advertising, purchase music when necessary, plus my time "outside of the gig" etc.

The members of my ensemble expect to be paid xyz for a one hour gig, and XYZ for a two hour gig within our radius.

I am free to charge whatever amount I feel for the gigs to support my performance fee plus expenses.

My members have never questioned what I charge clients... They are satisfied with what they earn.

All of the above being said I feel that having "one person in charge of everything" lends stability to a group....

back to the original post: I am reminded of a friend's band who's soundman SOLD the band PA to support his drug habit...

Get this $ issue cleared up a.s.a.p.

...just my opinion....

My classical ensemble

Tony Wright
Contributing Member

Stillwater, OK

I never met a calorie I didn't like.
Sep 25th, 2017 06:52 AM   Edit   Profile  

I knew the band leader was "stealing" money from us long before I quit the band several years ago. I stayed because the amount was small enough and I enjoyed the music enough.

Eventually, the band leader got to be a dictator and I was having some health issues, so I politely walked away. HOWEVER, I told everything to the drummer...the only band member that was a long time social friend prior to being invited to join the band (my endorsement to ask him, and his skill made that happen.) The drummer was not convinced. about a year later, he caught the band leader taking a $100 bill out of the tip jar. Apparently, it got ugly.

I have no idea how much it costs for website, rehearsal space fees, stage lights and such. In our case, I opened my house, I owned the lights, I owned the PA. I never asked for 1 cent more than the other guys received. It was my choice to offer the use of my "stuff" and it went with me when I walked away. I made my mind up long before that point that "it ain't about the money." It was about having fun and making music.

Decide how much the account "SHOULD" have and then decide if your friendship and the money was worth getting the other guy kicked out of the band OR worth YOU walking away if no one else in the band supported your position.

Another way to handle the "entire band" is to point out that "what's his name" is pretty slammed at work. Why don't we give him a break from "financial officer" and each of us take 2 months for the next year?

Or just tell everyone what you suspect and let the cards fall where they may.

The band I quit was without a doubt, the best band I had ever played in. But the band leader was a jerk. I tolerated his personality to be able to play with his talent. In the end....it wasn't worth it any more.

Your turn.

Contributing Member

So. Cal. USA

Sep 25th, 2017 11:04 AM   Edit   Profile  

You always need at least two members to have access to the finances. The guy who is doing the books and another band member to look at the account now and then. A check and balance system so to speak. Trust but verify.

I've never liked the band owned equipment thing. Lose a member and things can get ugly if the agreement is to buy someone out. The stuff depreciates and what is it worth as today's prices.

In my current situation(s) we all own gear and use a combination of things to support PA, lights etc. I have enough stuff to do it all but don't want to be the one hauling it all, every gig.

I was in a band for a short while and the band leader was skimming gig money. We did some corporate gigs that paid well quite often. We found him putting about 40% in his pocket. I just said "see ya" and never looked back.

I hope your funds are intact and your mate is just busy as he says.



The radio makes hideous sounds-Dylan
Sep 25th, 2017 08:57 PM   Edit   Profile  

Thanks for your input and suggestions.

I have resolved to do the following:
Since I am the member who finds most of the gigs and liaises with the venue owners and collects the money (only to then pass it over to our Bass player "bookkeeper" for so called safe keeping), from now on I will withhold takings. When he asks for it, I will say, when I get my statement from you.
I'll let you know how this plays out.

Sheesh, the things that occupy our thoughts these days. 40 million red Chinese couldn't care less I'm sure.


It's not just good..

...it's good enough.
Sep 26th, 2017 06:31 AM   Edit   Profile  

"Sheesh, the things that occupy our thoughts these days. 40 million red Chinese couldn't care less I'm sure."

First World problems, to be sure, but problems that need to be dealt with, nonetheless.

Hope things work out for you.

The only band I was ever in where we shared ownership of gear was my very first band. We were just kids and we, literally, built our PA and lighting systems together in our parents' basements.
Good times!

I guess that worked for us... 3 of us from that band are now back playing together again, 40+ years later.

New PA and lights, though. (;^D)
Owned by individuals and not "the band."

Contributing Member

So. Cal. USA

Sep 27th, 2017 10:19 AM   Edit   Profile  

MLC, with my first band in high school we built our own PA cabs. 4 single 12" folded horn cabs with a separate lensed driver on top of each pair. A couple of Phase Linear 400s and we were cool man!

It didn't last long, the system was stolen from the guitarists garage never to be seen again. We went out and bought EV Voice of the Theaters and Crown amps.

I've looked for those guys on social media but can't find them.

FDP Data Goon

We all want

our time in hell
Sep 27th, 2017 09:39 PM   Edit   Profile  


Phase Linear 400s for sale

FDP Forum / Performer's Corner / Band finances

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