Project management and client tracking: Keeping track of each client's project specifics, including names, dates, event information, service offerings, and costs. This guarantees truthful financial reporting and well-informed choices.
Multiple Income Streams & Categorization: For accurate financial reporting and client billing, classify income from different services (complete planning, consultations, goods sales, if appropriate).
Inventory Management: To track sales, stock levels, and COGS (cost of goods sold) for tax purposes, take into consideration inventory management systems if they sell wedding-related items (favours, invites, etc.).
Secure Cloud-Based Storage: To save and retrieve data from any device, use secure cloud-based bookkeeping software. This facilitates cooperation with an accountant and (if integrated) optimises processes using invoicing tools.
Establishing connections with other wedding planners: This can facilitate knowledge exchange, possible cooperation, and keep them informed about industry trends and best practices, such as budgeting tools and sustainability measures, as well as new locations and popular themes.
# | Account Number | Account Name | Account Type |
---|---|---|---|
1 | 2000 | Accounts Payables | Accounts Payable |
2 | 2000 | Accounts Payables:Accounts Payable | Accounts Payable |
3 | 1200 | Accounts Receivables | Accounts Receivable |
4 | 1200 | Accounts Receivables:1 A/R - Consulting | Accounts Receivable |
5 | 1200 | Accounts Receivables:2 A/R - Client Fees | Accounts Receivable |