ACisler
01-05-2007, 10:21 AM
I handle the acct for a PR and communications firm. We incur a lot of expenses on behalf of our clients (advertising, printing, graphic design work, etc) and I'm struggling with the best way to handle. Some of the expenses are charged specifically to a client, some are part of a retainer and others are part of a project cost. The retainer and project work is not specifically charged back to the client but we obviously want to be able to track all expenses related to retainer work, projects, etc.
The reimbursed expense functionality does not work for us for a number of reasons- it's too simplistic for the various situations we have.
My ultimate goal is to be able to run a P&L by customer (preferably by groupings of retainer, project work, etc) and also have a control in place that properly accounts for expenses that we need to be reimbursed for.
Would you code reimbursable expenses to prepaid and then check that account every week for invoicing that needs to be completed? Also, are classes a good way to track your P&L by customer to a sublevel of retainer, project, other?
Your help is greatly appreciated!
The reimbursed expense functionality does not work for us for a number of reasons- it's too simplistic for the various situations we have.
My ultimate goal is to be able to run a P&L by customer (preferably by groupings of retainer, project work, etc) and also have a control in place that properly accounts for expenses that we need to be reimbursed for.
Would you code reimbursable expenses to prepaid and then check that account every week for invoicing that needs to be completed? Also, are classes a good way to track your P&L by customer to a sublevel of retainer, project, other?
Your help is greatly appreciated!