{ "media_type": "text", "post_content": "Noob accounting question.... when a deal the size of this Walgreens account is closed ($300mm), how's the money wired? Lump sum by or by financial quarter? Does the agency keep interest income?", "post_id": "58950ec7940a2c0016a4ffc6", "reply_count": 4, "vote_count": 9, "bowl_id": "5565cfca8b2b9a03009acf57", "bowl_name": "Advertising", "feed_type": "crowd" }
null

Noob accounting question.... when a deal the size of this Walgreens account is closed ($300mm), how's the money wired? Lump sum by or by financial quarter? Does the agency keep interest income?

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

3. the $500MM in the press reflects media spend, not revenue. Most agnecy fees are around 2-6% of total billings. So you can expect WPP to be getting ~$10-30MM in fees.

2. It is usually billed to the client monthly based on fee structure or commission model.

3. They will pay via electronic funds transfer

like

It all just goes straight into Sir Martin's bonus, never to be seen again.

like

Straight cash, homie.

For us we Pre-bill 80% upfront by campaign by quarter. Rest is billed month post once reconciled

Additional Posts in Advertising

Is anyone on weightwatchers? Thoughts? I try to eat clean and don't drink during the week but really need some flexibility when it comes to team dinners

Any Booz Allen Hamilton 🐠, within the Cyber Incident Response Team willing to chat about the team, salary, and best way to prep for interview process ?

Well thanks for the follow I guess

Post Photo
likefunnyuplifting

Just passed first round at BCG Platinion for principal. Hour different is the second round?

like

I come here and look at all these double digit CTCs with same or less YoE how's this motivating?

like

NVDA stock - do you think it's overvalued? I think it is but wondering what others see it as. Since 2020 the stock has skyrocketed - I feel that level of growth is unsustainable/unjustified, and I'm struggling to find convincing reasons why this company would trade at these levels compared to its historical levels - I haven't read/heard any substantial changes to its business model to warrant such crazy growth in stock price. Thoughts?

like

Does KPMG layoff employees? Is there job security?

like

Which firm did Bed Bath & Beyond’s strategy and roll out of private label?

like

Picked this up for the weekend. I have never tried it until last night. Four grains. I got the barrel strength to try pairing it with some cigars I picked up. It was 👌🏾👌🏾. Anyone has tried this?

Post Photo
like
like

Favorite TED talks? Medical or otherwise

like

Fishes, I have applied many times on Adobe and Paypal job posting for Java Developer position but never got a call. Can someone from @Adobe or @Paypal refer me?

like

What is better before tax 401k contributions? Or after tax 401k?

likehelpful

Need recommendations for stylish AND "walk-in-nyc" comfort level shoes? Thanks.

like

Any job openings in NY for junior associate in ECVC or general corporate?

like

We going all in on Airbnb?!?!

IPO, vaccine coming, Covid over soon

likeuplifting

Anyone practice labor and employment law?

like

Seeing some friends who were laid off getting new jobs this week- there is hope!

likeuplifting

Anyone charging for held away assets?
How are you positioning this? Do you charge the same amount as assets under management or is it lower?

Additional Posts (overall)

Thoughts on leaving a job for a lower title? Have a buddy who is director level for 9 months but feels should have stayed at old agency at AMD a bit longer.

like

Need a favor. Shooting my own short film in NYC in 2 weeks, and our producer dropped out for a high paying gig. All cast, crew, locations are set. We just need a new producer for logistics. (Cont’d)

like

Any advice for how to handle a consistently incompetent boss (have been dealing with a number of ongoing issues for the better part of a year)? Have a 1:1 with both our bosses coming up and struggling with how much to share/how to package my concerns

like

I can’t make my zoom massage appointment anyone want my slot?

like

Friends at Hill Holliday, how are you doing? Hearing more layoffs today? 😥

likefunny

I have an interview Monday and they want to meet in person, is it wrong if I suggest meeting over Skype or will that hurt my chances?

likehelpful

Who needs soap operas when you've got clients like mine.

like

Any great small, underrated creative shops in LA?

like

Argonaut has laid off a bunch of their old guard people. Revolving door swinging mostly one way- and that’s out.

like

Hello! I need creative director or recruiter contact from the beauty group at Grey NY. Please and thank you! I’ll love you forever and ever.

like

I’m tired of remote work! Drop your favorite on-site agencies because if I have one more Zoom meeting I’m going to lose it!

likeuplifting

My agency is about to introduce slack, but they want to hear from us first. I never had any experience with it. While I mostly see this with good eyes, I also heard about enabling micromanaging and disrespect of your boundaries.

Wondering what your experience with it is?

like

I’m curious about this- why do we put object and possessive pronouns in our signatures? If I put “(he)” isn’t it obvious I would also use him/his? Or are there people who use different ones? Or is it just habit at this point?

likefunny

Who’s on the Dentsu americas all hands today??

like

Are any of you going to Uenoland?

like

How do you give feedback to your managing director with out coming off as a jerk while being PC about it since they’re you’re boss

like

I secretly love rainy days because I feel no obligation to be productive. Ironically I will sometimes catch up on some work tho.

like

What would you guys chose?
Current job at a growing agency where I’ve been expecting a raise in position since 6 months but my boss quit and i have no leads now
Vs.
New job with start up agency, senior position but same pay as old job

I’m soooo confused!

likehelpful

Hey CD who just laughed at my “layoffs at the White House” post, you should give me a job. 😏

likefunny

Producer approached to me w so called estimate. The agency wants to make a video, no concept, no board, no script yet. How many hours you think is going to take? I replied: Sent a blank estimate.

like

New to Fishbowl?

Download the Fishbowl app to
unlock all discussions on Fishbowl.
Download Fishbowl to see what others are saying
That was just a preview…
Sign Up to see all discussions
  • Discover what it’s like to work at companies from real professionals
  • Get candid advice from people in your field in a safe space
  • Chat and network with other professionals in your field
Sign up in seconds to unlock all discussions on Fishbowl.

Already a user?
Login here

Share

Embed this post

Copy and paste embed code on your site

Preview

Download the Fishbowl app

Sign up for free to view this conversation on Fishbowl

By continuing you agree to Terms of Use and Privacy Policy.

Already have an account? Log in

New to Fishbowl?

image with Fishbowl logo and arms reaching out for a handshake

Already have an account? Log in

By continuing you agree to Terms of Use and Privacy Policy.
Messaging rates may apply

For account settings, visit Fishbowl on Desktop Browser or

General

Legal