Finance and Accounting

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

Reaction Icon Like
Arrow Icon
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

Reaction Icon Like
like
Arrow Icon

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

Reaction Icon Like
Arrow Icon

Related Posts

What would happen if someone was interviewing for a role and accidentally passed gas, but otherwise crushed the interview? Has anyone experienced this before? No clue what I’d do as the interviewer

likefunny
Reaction Icon Like
Arrow Icon

*weekly post complaining about hiring discrimination against males*

likefunny
Reaction Icon Like
Arrow Icon

Delta Platinum members, what bonus do you choose? Very likely gifting Silver Status to my spouse.

like
Reaction Icon Like
Arrow Icon

I got a new role in Ohio. My SO is freaking out about the bedbug crisis there. Any tips of how to protect against bedbugs?

like
Reaction Icon Like
Arrow Icon

If anyone wants to join a boutique HR & Talent Advisory consulting firm, Kincentric is hiring for an Associate Partner role! Location doesn’t really matter, but preferably in IL, NY, or ATL.

like
Reaction Icon Like
Arrow Icon

Download the app for more exclusive discussions.