Xero, QuickBooks, Sage, Zoho Books, MYOB, and FreshBooks are leading accounting systems used by various professionals and industries worldwide — and the majority of agencies we talk to already use or are interested in these big-name solutions.
While these systems offer a plethora of features and earn positive user reviews, they’re not the absolute best accounting solutions for creative or marketing agencies because the financial data in these tools is not linked to project activities.
If you don’t manage project finances in the context of the project workflow, it’s harder to:
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Invoice accurately. Accounts receivable teams have to build invoices from scratch by reviewing projects, deliverables, labor hours, and other resources, and they usually have to rope in a project manager to double-check invoices before they can be sent to clients.
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Track project-related expenses against project budgets.Accounting teams see bank statements, receipts, and invoices, but until …