Revenue recognition is when you record income as you deliver products and services, not when you receive payment for them. Let’s walk through the basics and how to make this accounting strategy sustainable in your agency or consultancy.

Getting your project estimates right means better margins, happier clients, and fewer stressful conversations about budget overruns and delays. But without a clear approach, trying to make them more precise is tough. Try these proven project estimation techniques as a starting point for more accurate project plans. Here’s a quick summary of all the methods discussed below: Now, let’s go through each technique in more detail.

If you can’t match projects with the right pricing model, you’ll end up leaving money on the table. Look over these five agency pricing models and find out which ones can best support your unique services and profit targets.

Cash flow is the net amount of money that moves in and out of your agency during a given time period. This includes: A positive cash flow means your agency earns more than it spends, while a negative cash flow indicates higher expenses than income. Managing cash flow effectively is crucial for smooth operations. With a positive cash flow, you can cover payroll, pay contractors on time, and set aside funds for unexpected delays, late client payments, or contract cancellations.

We’re keeping the new year’s momentum going with a powerful new report! The team performance report brings all the time-related performance metrics into a single view, giving you a 360-degree view of each of your team member’s performance and utilization. Plus, we’re rolling out a range of usability improvements to streamline your workflows on multiple fronts.

Does your business have enough employees on hand for every project in the pipeline? To get an accurate answer, you need to know your resource availability. Learn the basics and improve project planning with our resource availability guide, which covers the four key factors that affect this metric, how to calculate it, and tips to accurately track it over time.