Public Relations Bookkeeping Services
Day-to-Day Activities
- Recording bank and credit card transactions
- Online billpay using Bill.com
- Invoicing
- Preparing payroll
- Approving time activity
Monthly Checkup
- Bank and credit card reconciliations
- Client retainer reconciliations
- Balance sheet account checkups
- Reviewing income and expense classifications
Financial Insights
- Compare financial results to industry averages
- Determine effectiveness of staff’s time
- Prepare job profitability status reports
- Provide client balance summaries
Do you know how your agency compares to the industry?
Using this data, we are able to put together a budget based on the number of employees you have and track your performance against the key performance indicators that are important to public relation agencies. With our support, you will have the tools to take your agency to the next level.
Average Revenue Per Employee
$175,000
Average Yearly Billable Hours
1,630
Labor as a Percent of Revenue
60%
Expected Profit Margin
20%
Virtual Bookkeeping Pricing for Public Relations Agencies
Our research shows that public relations agencies under 10 employees or under $2 million in revenue can greatly benefit from hiring a virtual bookkeeper. It is important to have an understanding of your numbers and to keep your books organized at all times. That is where Iconis Group comes in. We fill the gap of having a full-time finance department at the fraction of the cost. We move beyond the basic data entry and make sure we setup the proper systems and procedures to get the most of your financial data – by providing you with the necessary financial insights to take your agency to the next level.
Small Agency
- Up to 3 Employees
- Annual Revenue up to $500K
Growing Agency
- 4-7 Employees
- Annual Revenue of $500K – $1.2MM
Expanding Agency
- 8-10 Employees
- Annual Revenue from $1.2MM – $2MM
Pricing includes the following services:
- Weekly coding of banking and credit card transactions
- Weekly processing of bills via our online billpay solution, Bill.com
- Process employee expense reports
- Reconcile all bank and credit card accounts
- Check all balance sheet accounts
- Review all revenue and expense accounts for proper classification
- Provide client training on different apps
- Email our support team as needed to answer any financial or technical questions
- Interact with client’s tax preparer and provide documentation for easy tax preparation
- Budget versus actual reporting
- Job profitability reporting
- Employee time utilization reporting
- All QuickBooks Online, Bill.com and other App technology fees
Additional Services
- Client invoicing to your specifications and on your schedule
- Processing of payroll biweekly or semi-monthly on client’s payroll provider
* Payroll provider fees are not included in our monthly fee - Additional app integrations outside our core technologies
- Custom live dashboards
- Business coaching and consulting
Don't Be Shy
Not ready to take the plunge? Start by downloading our guide for Public Relations Agencies: 10 Ways to Streamline Your Accounting Using QuickBooks Online