Poised
for growth? Then you'll need profit centers
Your shop may be small now-but it's not always going to be that way,
is it? Or maybe you're already big...
ACCOUNTING
Q&A
What's the difference between media estimates and media plans? Get answers
to this and other important questions, along with some guaranteed
great ideas.
THE
AGENCY SCORECARD
Two financial reports that keep you in the game
Accounting periods, gross profit, assets, and retained earnings are all
here in these two reports: The Income Statement and Balance Sheet.
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By Mindy Williams
There's nothing worse than playing the game but
not knowing the score. How can you measure your agency without
knowing where it's been? How easy is it to compare financials?
Not easy -- but it should be!
How many different spreadsheets do you have tracking what's going on?
Do you spend a lot of time updating them to reflect what's happened during
the week? Or maybe you only manage to update your spreadsheets once a
month, at the end of the month, so you can do the month-end close. That's
really too late to respond to issues that needed addressing as they happened.
How can you be proactive with your spreadsheets in one place, General
Ledger in another place, production people updating schedules in their
own calendar software, and accounting people entering A/P and cutting
checks from their bookkeeping software? Can't we all just get along ...
together?
Analysis and accountability -- all in one
Whether you're still using a manual system or six different software
to do the work of one, you know what you need. The answer is an integrated
database; one software that seamlessly unites job accounting, analysis,
and accountability with estimating, scheduling, and billing.
Where do these different elements combine to produce detailed and meaningful
reporting for all departments? In only one software, Clients & Profits.
Clients & Profits software is designed to replace your existing accounting
systems, including manual ones. It is a complete and sophisticated accounting
software that does everything you need to do -- whether you're the A/P
clerk or the CFO.
Everyone shares the database from their own computer, which means Accounting
can keep their PCs and Production can keep their Macs. It also means
that AEs can look up costs on their own jobs and the owner can get the
Cash Flash report every hour without having to track down the CFO or
Traffic Manager.
Continued on the next page
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WILD ABOUT WORK IN PROCESS
Work in process is the financial
manager's way to balance out the peaks and valleys in a company's income
statements...
Accounting periods:
They're locked, but you have
the key
How do you control each transaction
that affects your General Ledger? more
THE
DAILY CASH FLASH IS A CONTROLLER'S FRIEND
Cash is the lifeblood that
keeps the doors open and the business running...
Spies? Well, your shop probably
doesn't have spies. But every business has it's share of nosy
staffers
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