Finance and Accounting

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

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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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