Event Management
Bookkeeping & Accounting Event Management Company
Event Management industry have huge business code , it can have corporate events and personal events. Event Management company do management of event such as venue booking , catering , service staff , anchors for show etc. They take fees from client and spend some amount on event and balance is profit. Managing accounting for event management company is as important as managing clients events. Event Management company operates multiple event at a same time. Keeping track of sales and expenses for event is important to know profit margins. Failing to raise invoice on time , record expenses , analyses of financial date may lead to serious accounting problem and pay more taxes.
How finslog helps in managing Event Management Company
Bookkeeping & Accounting Event Management Company give financial numbers to understand profit event wise. You can choose cloud bookkeeping software for managing day to day accounting. We helps clients to choose software , setup and operate on day to day basis. We special in using Zoho Books , Quick books , Xero for using advertising industry. Accounting aspect in Event management company can be
✔ Event Income
✔ Event Expenses
✔ Sponsorship Income
✔ Vendor Payment
✔ Inventory Consumed
✔ Premises Rentals
Reasons to do bookkeeping for Event Management Company
Gross Profit Per Event
Event management companies incur various expenses like rentals and catering. Accurate bookkeeping helps track profits per event using cloud accounting software.
Control Expense
Businesses can increase profit margins by identifying and controlling unnecessary expenses, comparing actual accounting numbers with budgeted figures for insights.
Track Inventory
Effective bookkeeping allows event management companies to track inventory purchases, consumption, and closing stock, ensuring proper management of event resources.
Cash Discount for Accounts Payable
Accurate accounting enables event management companies to track accounts payable and take advantage of cash discounts for early vendor payments.
Covid Protective equipment Expenses
Event management companies must track COVID-related expenses, like masks and sanitizers, to ensure proper reimbursement from clients for additional costs.
Handel Reimbursement
A robust expense tracking system for event management ensures proper documentation and reimbursement, helping reduce corporate taxation through accurate accounting.
Checklist To Follow
| Checklist to Follow | Time | |
|---|---|---|
| Month End bank Reconciliation | Monthly | |
| Month End Loan account Reconciliation | Monthly | |
| Compare Actuals with budget of same month | Monthly | |
| Review Billable and Non Billable expense | Monthly | |
| Month End Journal Entires | Monthly | |
| Update Vendor Reconciliation | Monthly | |
| Update Petty Cash Balance | Monthly | |
| Raise Alert for Accounts Receivable exceeeding 45 days | Monthly | |
| Payroll Management | Monthly | |
| Monthly Tax payments | Monthly | |
| Monthly Compliances of TDS , GST , IT | Monthly | |
| Month End Reporting | Monthly |
How Cloud Bookkeeping Helps for Event Management company
✔ Operate from anywhere
✔ Track Profit project-wise
✔ Keep track of day-to-day bookkeeping
✔ Record, Approve Employee reimbursement
✔ Prepare Trial balance
✔ Financial statement
✔ Cash flow management
✔ Accounting payable report
✔ Accounts receivable report
Why Choose Us?
Finslog is actively providing outsourced bookkeeping, Accounting , payroll and compliance services to small and medium business and CPA Firms. We will help you to identify the financial rations , indicators and performance readily, helping you to make the right decisions at the right time.
Upto 50% Reduced Cost
Upto 50% reduced cost compared to in-house services. Our service cost is lower due to cheap labour even thou no compromise in quality of services.
Time Zone Advantage
Favorable time zone advantage between India and US ensures high productivity and faster turnaround. We reply to mail within 24 hours.
Data Security
We use secured document management system with high end level of security. Business can rely on our services about documents safety along with Information.
Export Team
We bookkeeping team is combination of Chartered Accountant (CAP) & commerce graduates. We have expertise in bookkeeping & accounting.
Process-driven work
We developed process flow for start to end bookkeeping. We have checklist , formats and proven Project Management system helps to communicate.
Growth Services
Delegation of work helps business to give attention on primary business activities for growth. By outsourcing bank office you focus on Growth.
Quick Connect With Us
Part Time / Full Time
Resources For
✔ CPA Firms
✔ Enrolled Agents
✔ Bookkeeping Firms
✔ Tax Practitioners
✔ Business Owners
Why Finslog is the First Choice
for Accounting & Tax Preparation
Finslog offers expert, cost-effective, and reliable accounting services with a focus on transparency, efficiency, and timely results
✔ Experienced Professionals: Skilled team with years of experience ensures reliable and accurate results.
✔ Efficient Project Management: Self-hosted system enables smooth communication and seamless project handling.
✔ Cost Savings: Save 40-50% compared to local accountants without compromising quality.
✔ Transparent Processes: Clear workflows keep clients fully informed and confident in the outcomes.
✔ Quick Turnaround: Same-day or 24-hour maximum response time for inquiries.
✔ Regular Updates: Frequent email updates provide essential business information and progress reports.
✔ On-the-Go Meetings: Schedule expert meetings anytime for efficient communication.
✔ Meeting Deadlines: We complete work ahead of deadlines to ensure a smooth process.
✔ Comprehensive Checklists: Detailed, well-organized checklists eliminate confusion and ensure thorough coverage.
✔ High Quality Standards: Standardized procedures ensure error-free work and top-quality service.