» 6 Companies with Fully Remote Marketing Jobs

When hunting for bookkeeping firms, go for those who give immediate and secure access to financial reports. They should operate their business in accounting software with which you are familiar. When you work with Ignite Spot Accounting, you’ll get bookkeepers certified in a variety of popular programs, such as QuickBooks and TSheets.

Essentially, a bookkeeper provides the financial backbone, allowing marketing agencies to focus on client deliverables and business growth. A bookkeeper is vital for remote bookkeeping marketing agencies to ensure their financial tracking and informed decision-making. Marketing agencies juggle various projects, expenses, and revenue streams.

How much do remote bookkeeping services cost?

Lenders and investors often require financial statements and reports to assess the financial health of a business. With accurate and up-to-date bookkeeping records, marketing agencies can easily provide these documents and increase their chances of getting approved for loans or investments. The typical cost for outsourcing bookkeeping, accounting, and similar services ranges from $500 to $5,000 per month. There is a massive price difference based on complexity, transaction volume, and many other factors. Cloud-based accounting software like FreshBooks is a comprehensive program that offers robust, trustworthy, and cost-effective financial services. If you’re tired of doing your own bookkeeping, you should consider this option.

However, if you're doing this on your own, you'll need to be very intentional about making sure you're closing out accounts and transactions accurately and on time. Keeping track of accounts receivable and money owed for a marketing agency can get tricky. Not only do you have a retainer that you're likely owed, but you may also be charging a percentage of advertising spend or have add-on services. Marketing agencies must track all expenses, including mileage, meals with clients, supplies used at the office, or any other business-related expenses. You can do this by keeping receipts in a designated bookkeeping journal, excel sheet, or software that you have for bookkeeping purposes only.

Next PostHow Much Does a Bookkeeper Cost

Remote bookkeeping services typically charge less than local and in-house bookkeepers, but the actual amount depends on your business. A business with one account and a modest number of simple transactions will cost much less than a business with five accounts and one hundred complex transactions. For https://www.bookstime.com/blog/oil-and-gas-accounting a Marketing Agency Business, the best bookkeeping software options are Xero and QuickBooks. Both platforms offer comprehensive features to effectively handle the financial needs of a marketing agency. Some bookkeeping services can provide a full suite of bookkeeping, accounting and tax services.

A dedicated bookkeeper ensure accurate and timely record-keeping of these financial details. They also provide insights into profitability, manage cash flows, and help in budgeting for campaigns. Moreover, they navigate the specific tax requirements and deductions of the marketing world, ensuring compliance and maximizing benefits. Engaging a bookkeeper allows agency owners to focus on core business strategies while being assured of a robust financial foundation, crucial for growth and stability.