BandLoot is a financial management application designed for musicians. Users can create an account and add members to begin tracking expenses and income. Users can add new cash flow to their band’s account so everyone can see money coming in. Each financial transaction can be added along with the band member responsible for it. Users can divvy out gig payments or set aside funds specifically for band expenses. BandLoot also lets users track borrowed money, with a settlement and paid option to indicate that the loan has been covered. Musicians who play in multiple bands can set up individual accounts for each band so funds are never combined or added incorrectly. BandLoot also provides totals and financial summaries so users can see if they are overspending.Show more screenshots »
BandLoot was created to help bands operate more smoothly. The creators questioned 2,000 musicians to find out how often money was an issue when playing in a band. 60% said that it was and some even said that it lead to the breakup of the band. The application offers musicians an easy way to track funds, however it has not received significant popularity as of yet.
BandLoot takes features that are common in many personal finance applications and tailors them to the needs of a band. Users can set up accounts for every band they are in and begin tracking immediately. The application allows each band member to see cash flow and how much band loot is available. Any kind of transaction can be recorded, even funds borrowed between band members. The application can help a band get along better and manage their money more effectively.
BandLoot has an eye-catching style to it that sticks with its music focus. The sleek, dark background helps the user focus on the well-organized interface. Financial data is recorded in a neat and tidy manner, but still manages to offer a little bit of color and style so the experience never feels dull. Anyone can easily learn how to track money using BandLoot thanks to its user friendly design.
A new user can begin by clicking the green “Start Now” button found along the left side of the BandLoot homepage. The form on the next page asks for a first and last name, email address, password, language and country. The next page advises the user that a confirmation message has been sent to their email address. The confirmation token code must be retrieved and entered before the user can begin using their new account.
BandLoot welcomes all musicians for free. There are no subscription fees, which is a good thing for smaller and lesser known bands. No matter how low or high a band’s income might be any musician can afford to try BandLoot. The application offers helpful features at a great price. The user never has to make any purchases and can set up multiple accounts for separate bands. The service is in beta, but doesn’t mention any plans to add fees to its services.
BandLoot is designed specifically for groups of musicians. Users who are in a band can set up an account for free and begin tracking all spending and income for the group. Band members can view financial data as well. The application gives bands a place to store financial information in a simple, user friendly way. No fees are required, making BandLoot ideal for musicians of any income level.