Advertising company need to maintain tight internal cost control and a comprehensive audit trail both for finance and for client audits. This solution enables you to manage retainer agreements as well as billing fixed price based on budget (either as a percentage or specific lines). To drive profitability and help you reduce the time that the working capital is tied up, we can enable you to minimize the time lag between when a billable hour of work is completed and when it is invoiced to the client. With our solution, you can:* Eliminate duplication of data entry and manual reconciliation* Reduce errors in supplier invoice processing, and eliminate time consuming, manual sign-off processes* Select between several invoicing principles: Invoice on account, Invoice on time and materials basis (with or without a cap), Invoice fixed price based on budget (either as a percentage or specific lines.In the second book of serial " The Dynamics AX solution for Advertising Industry " This book will focus on Financial management.Content:0. OVERVIEWI. FINANCIAL MANAGEMENT0.
Overview1.0 Advance Bill/ Prebill Process2.0 Cost Consumption Billing3.0 Fee/Retainer Billing4.0 Match Costs / Prebills / Reconciliation Billing5.0 Media Billing6.0 Invoice Proposal Approval7.0 Dispatch Client Invoices8.
0 Vendor account setup/update9.0 Vendor Invoice Processing10.0 Media Vendor Invoice Processing11.0 Pay When Paid Process (PWP)12.0 Vendor Payments13.0 Employee Expense Process14.0 Monitor Customer Invoice Aging15.0 Customer Payment / Invoice Settlement16.
0 Customer Balance Reconciliation17.0 Payroll Management18.0 General Ledger Journals19.0 Bank Transactions20.0 Bank Account Reconciliation21.0 Fixed Assets Setup22.0 Fixed Assets Transactions23.0 Cost and Revenue Recognition24.
0 Year End Close25.0 Financial Budgets 26.0 Financial Reporting27.0 Ledger Reconciliation28.0 WIP Monitoring and ReconciliationII. CLIENT PROFITABILITY MANAGEMENT0. Overview1.0 Manage Retainer Services2.
0 Manage Receivables3.0 Client Profitability Analysis.