Accounting
MMS’s accounting capabilities allow you to leverage on media data already in MMS, in order to save time recording transactions, tracking credits and populating QuickBooks Online with A/R and A/P data. The accounting functions of MMS include, but are not limited to:
Accounting Modules
These key functions are achieved in various MMS modules listed below, to name a few:
Station Statement Module
In the Station Statement screen, you can record invoices received from stations and other media vendors, record payments made, and record refunds received. Payments can be made in advance, for scheduled media, or on a net basis, for aired media that has been reconciled. Furthermore, invoices provided electronically, in AAAA format, can be imported, thus saving tedious manual entry.
Client Statement Module
In the Client Statement screen, you can record invoices to clients, record payments received, and issue refunds to clients. Invoices can be recorded in advance, for scheduled media, or on a net basis, for aired media that has been reconciled.
Credit Management Module
In MMS, when media is paid or invoiced in advance, and not all media airs as scheduled, credits automatically result, both from the media vendor to the buyer and from the buyer to the client. All credits can be viewed in the Credit Management Module. By default, credits can be applied against future payments or invoices, but they can also be marked for refund in the Credit Management screen, allowing refund checks to be issued.
Reconciliation Module
The Reconciliation Module of MMS allows you to view aired media, indicate which airings are included on a given station invoice, and approve those airings. Once approved, media airings can be paid to stations and media vendors and invoiced to clients on a net basis.
Accounting Export Module
With the MMS Accounting Export Module, you can select multiple transactions and simultaneously export them to QuickBooks Online. These include:
