How do you record media spend? COGS or balance sheet ?

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Posting as :
works at
You are currently posting as works at

Dr A/R
Cr Sales

Dr COGS
Cr A//P (or a media WIP account if prebill)

Sales = COGS so no Revenue recorded

For media invoice If estimate billed
Dr WIP
Cr A/P

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I saw the opposite at the top global network that I worked at but it was mostly a creative agency.
Now that I am at a smaller media shop they also only record the fee as revenue
I’m tossing around the idea of changing the method to the one you laid out

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