The chart of accounts in QuickBooks made to reflect this industry’s service-oriented business model.
Salesmanship is the main service of companies in the marketing and communications industries. Advertising agencies and public relations specialists are in charge of bringing a company or person’s product, service, or image into the public eye. Marketing companies use brand consulting, sales promotion, media buying, marketing services, urban marketing, industrial advertising, and more to help the selling process. All of these services need to be taken into account when it comes to ironing out your financials.
With this in mind, we have created a free chart of accounts for advertising and public relations professionals. All you need to do is fill out the form below, and your chart of accounts will be sent straight to your inbox!
By default, QuickBooks creates one income account titled “Sales”; however, some companies find that it is better to break down that account into several smaller accounts based on the types of services offered.
There are several different accounting nuances when it comes to advertising and public relations, and we are here to help you navigate them. Reach out to our team of accounting and bookkeeping professionals so that you can get your financials on the right track!