Bookkeeping and Accounting for Marketing Consultants

As a marketing consultant, it’s not uncommon to have multiple income streams from various projects and clients. A specialized bookkeeping service can help manage these diverse income streams by accurately tracking your income from each source. This can ensure that every transaction, regardless of where it comes from, is correctly accounted for.

Apart from the ease of financial tracking, using a specialized bookkeeping service can also offer benefits such as:

• Cleaner books and accurate financial records— a must for tax season, and also essential if you ever need to present your financial records to potential investors or lenders.
• Greater insights into your financial position— knowing exactly how much you’re earning from each income stream can help you make informed decisions about where to focus your efforts.
• More time to do what you do best— with a professional bookkeeper handling your books, you can spend less time on administrative tasks and more time on your marketing consultancy business.

In conclusion, a specialized bookkeeping service is an invaluable tool that can streamline and improve your financial management, giving you more control over your diverse income sources.

Marketing consultants can typically deduct a wide range of expenses in their accounting, such as advertising costs, office supplies, travel expenses, software subscriptions, professional development costs, and even home office expenses. However, each individual's situation would vary and it's always best to consult with a tax professional.

Bench Accounting assists in this area by providing impeccable bookkeeping services. We categorize each of your business transactions and prepare financial statements for you. This way, you can clearly see your deductible expenses, which makes filing taxes much easier. Additionally, we can also connect with your tax professional to ensure all deductions are accurately reported.

Please note, Bench Accounting does not offer tax advisory services. Always consult with a tax professional when preparing your tax returns or making tax decisions.

Bench Accounting has developed a streamlined and effective approach to handle invoicing and revenue tracking for marketing consultants working with multiple clients. Our intelligent software automatically categorizes expenses from every business account you connect, reducing manual organization and providing real-time, accurate records.

When it comes to invoicing, we have bookkeepers who are experts at organizing and recording all client invoices. They will keep tabs on your incoming payments, ensuring that you always have an up-to-date understanding of your revenue. Additionally, Bench's team is capable of managing different streams of revenue, perfect for consultants who work with multiple clients.

With a customized income statement from Bench, you can easily track your business’s performance. By taking care of invoicing and revenue tracking, Bench allows marketing consultants to spend more time focusing on their clients and business growth.

Nope! All bookkeeping is completed in-house.

Your bookkeeper will be your main point of contact, but at times you might hear from another member of your team. This is usually when your bookkeeper goes on vacation, is sick, or otherwise unavailable.

We handle the bookkeeping for you but sometimes we’ll need your input, especially at year-end. On average, expect to spend 15 minutes each month answering questions for your bookkeeper, or uploading supporting docs.