Which statement best describes tour budgeting responsibilities for a touring act?

Which statement best describes tour budgeting responsibilities for a touring act?

• A. The business manager creates and maintains the tour budget, and handles payments and taxes
• B. The tour budget is optional and rarely used
• C. The promoter handles all the budgeting
• D. The tour budget is not important

Answer: (A)

Budgeting for a tour rests on who manages the money and keeps the plan realistic. The business manager is responsible for creating and maintaining the tour budget, and for handling payments and taxes. This role coordinates projected revenue (ticket sales, merch, sponsorship) with all costs (travel, lodging, crew, gear, venues, marketing) and ensures there’s enough cash flow to cover obligations as they come due. They track actuals against projections, adjust the plan as needed, and work with an accountant or tour accountant to handle tax obligations. In this setup, the budget is a living document owned by the act’s financial team, not something optional or the sole job of the promoter. That's why this option is the best description: the business manager oversees the tour budget, payments, and taxes.

Budgeting for a tour rests on who manages the money and keeps the plan realistic. The business manager is responsible for creating and maintaining the tour budget, and for handling payments and taxes. This role coordinates projected revenue (ticket sales, merch, sponsorship) with all costs (travel, lodging, crew, gear, venues, marketing) and ensures there’s enough cash flow to cover obligations as they come due. They track actuals against projections, adjust the plan as needed, and work with an accountant or tour accountant to handle tax obligations. In this setup, the budget is a living document owned by the act’s financial team, not something optional or the sole job of the promoter. That's why this option is the best description: the business manager oversees the tour budget, payments, and taxes.