Bookkeeping for Marketing and Advertising Companies
IBN specializes in providing project-based financial tracking solutions for marketing and advertising agencies to manage their project timelines and budgets effectively.
Don't let accounting chaos hold back your marketing success. Sign up for our specialized bookkeeping services today!
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While performing bookkeeping in-house, marketing and advertising companies often face the following challenges:
Revenue Recognition
Recognizing advertising royalties and regular advertising revenue separately is a challenge for marketing and advertising companies. It is due to the complex nature of licensing agreements which may include multiple parties, revenue-sharing arrangements, and performance-based metrics that must be tracked and accounted separately from the regular advertising revenue.
Project Wise Financials Tracking
Your business may have complex expense categories, such as media buying, production costs, and creative services, as well as revenue from multiple sources, such as retainers, project-based work, and commission-based fees. All this makes it challenging for you to keep up with the financial complexity.
Recurring Revenue Reconciliations
Managing and reconciling recurring invoices for multiple clients can be challenging, especially when there are changes in the scope of work or client requirements. You might struggle with having a different set of teams, including creative teams, media buyers, and account managers, each with its own set of billable hours or fees.
Vendor Payments Management
You must work with a number of vendors, each with its own unique payment terms and requirements. Here, ensuring accurate invoice verification and resolving payment discrepancies can be time-consuming and complex. This can be challenging to manage, especially when you deal with many vendors with varying payment preferences.
At IBN, we understand that bookkeeping for marketing and advertising firms can be a complex and challenging task. With multiple projects and timelines to manage, it can be easy to lose track of your finances and end up with inaccurate or incomplete data.
That's where our specialized bookkeeping services come in. We offer tailored solutions that cater to the unique needs of marketing and advertising companies, helping you stay on top of your finances and streamline your accounting processes.
Our team of experienced bookkeepers works closely with you to understand your business and identify areas of improvement. We use cutting-edge tools and technologies to track your finances based on projects and timelines, ensuring that you have accurate and up-to-date data at all times.
So, don't let accounting hassles hold back your marketing success. Choose IBN's specialized bookkeeping services to take your business to the next level. Contact us today to learn more.
Experienced Bookkeepers
We have a solid track record of adequately handling retail bookkeeping for firms across the United States, with over 22+ years of expertise.
Value-Driven Approach
Our goal is not just to lower your costs but also to give value that exceeds the cost.
Ready to Scale
Our efficient management systems enable you to quickly increase or decrease the number of bookkeeping services required.
Minimal Input Required
Our certified bookkeepers manage all parts of the bookkeeping process, enabling you to sit back and relax.
Your Data is Safe
You can trust IBN's capacity to secure your data since we use cutting-edge security technologies to protect our clients' information.
Utilize Best Tools
Our experienced bookkeepers can work with whatever accounting program you like, or we may recommend one that would be appropriate for you.
