How the Workamajig Software Can Benefit Your Business

If your organization is looking for an all-in-one creative collaboration platform, Workamajig may be exactly what you need.

If you’re in the advertising sector then creativity and client campaigns are at the heart of your business. Doing taxes is probably not one of your core focuses, but gaining financial clarity can help your business better achieve its goals. An all-in-one creative collaboration platform, like Workamajig, may be beneficial to your business – both in terms of operations and managing the financial side of your business.

As a creative agency, you need software with the best project management features, but you also need it to help you manage the accounting side of things, to help you avoid overpaying on taxes.

Workamajig’s accounting software is fully integrated, offering workflow management solutions tailored to advertising companies of all sizes.

Some of its features include the following:

  • Project Management: As a complete project management software, Workamajig is perfect for in-house teams and creative agencies.
  • Business Intelligence: Your teams get real-time insight on budgeting, forecast revenue, and cash flow with custom reports.
  • IT and Security: Adhere to regulatory compliance with software that is secure and built to integrate with other platforms.
  • Task Management: Track tasks in real-time for improved transparency, more billable hours, and the ability to keep projects on schedule.

Benefit from Workamajig’s Project Management Features

Workamajig was designed for creative teams and marketing agencies. It provides an all-in-one creative project management solution which enables teams to schedule, estimate, create, and deliver organized projects quickly.

This platform will allow your organization to stop bouncing back and forth between multiple tools and rely on centralized project information. Gone are the days that your teams will need to follow up tasks using one tool after another. The Workamajig accounting software brings all the information you need into one place, including calendars, timelines, notifications, tasks, and conversations.

Real-Time Daily Activity Feeds

See customized reports that match your specific needs immediately. Keep your budget and timeline on track with project warnings that show you everything that requires your attention, in one place.

Actionable Project Warnings

If you are on the verge of going over budget or your timeline is at risk, you get actionable warnings on one easy-to-use dashboard.

Customized Reports

This software offers countless customizable reports. You can choose to see the reports you select that match your specific needs in an easy-to-read report screen.

Instant Schedules

With this software, manual project setup and cumbersome spreadsheets are things of the past. Thanks to the instant schedules feature, you will see the resources, budget, and hours needed to complete your project. The best part? Project templates are customizable to meet your project requirements. Gantt charts allow you to visualize project tasks, timelines, and dependencies.

Start New Projects Quicker with Workamajig

Workamajig accounting software gives you control over marketing projects and entire creative campaigns from client requests to new projects. After receiving a CRM opportunity, you can jump-start a project right away. You can easily scale up to complete campaigns thanks to creative project management templates.

The holistic software offering makes it easy for teams to bring their A-game and transform leads into clients. This software allows you to take leads through your pipeline and into production. Find more opportunities for intake using Workamajig accounting software to automate intake via the client portal, streamlining the process from request to project. With this intuitive software, gone are the days of wondering if the right person on your team has the information they need. You can always route the information to the right team member, keeping everyone up to date with the progress of your project.

I reached out to the Fusion team and within about a week they got me onboarded and started managing my company’s books. Now I’m able to spend more time with my family and friends, and not wake up in the middle of the night worrying about whether I categorized last month’s expenses correctly or if I filled out the right tax forms. The Fusion CPA team are truly the best.

Jerry Levington

Fusion CPA can help you make sense of this software and how to best integrate it with your companySchedule a Call

Exploring Workamajig’s Accounting Features

Workamajig is fully integrated with advertising agency accounting features. These allow it to serve as the heart of your agency’s financial performance and health. You will have essential reports available at all times.

Integrated Financial Reports

Workamajig puts everything at your fingertips. You can easily access balance sheets, the general ledger, cash projections, and profit and loss reports.

Overview of All Open Accounts

Quickly see your balances, including AP, AR, and your bank accounts on a user-friendly report.

View Profitability by Project and Client

The software gives you insight into which clients are profitable, which overserved, and how to improve margins once you have allocated overhead. You get the standard P&L statements and project/client level P&Ls at a glance. These will allow you to:

  •  Allocate overhead
  •  Identify profitable services
  •  See exceptional account managers

Take Control of Invoicing

Make your billing workflow easier thanks to the software’s mass billing features. Create invoices that automatically include details like rates, time, materials, and markups. Proper invoicing is at the heart of a healthy cash flow. With this software you can:

  •  Drill down by project
  •  Defer revenue recognition
  •  Customize bills to meet your clients

Chargeback for Deliverables

You get straightforward billing functionality that allows your in-house creative departments to track billable work done for other internal departments. With this software, you can:

  •  Bill time and materials
  •  Generate reports and invoices
  •  Establish clear timelines and transparent costs

Workamajig accounting software manages everything you need in one place, including:

  •  Expense reports
  •  Bank reconciliation
  •  Journal entries
  •  Custom reports
  •  Credit card charges
  •  • Excel and Google sheets integration

Create Client Friendly Branded Estimates

It is easy to customize these templates with your organization’s logos and colors.

Manage scope, compare against actuals, and predict resourcing demand with this software to ensure that your proposals are constantly becoming more accurate. This accounting software also allows you to estimate labor and expenses through customized client-specific rate sheets.

Generating quote requests becomes easier because you can automatically track and include quotes from vendors in your budget. Next, you can take your estimates and make budgets. You can also get approval quickly on your marketing projects, track actuals against budgets, and see estimated profits.

Fusion CPA is a certified public accounting firm specializing in business advisory and business process outsourcing services

We help businesses implement software solutions to optimize the financial health of their businesses and to adhere to tax accounting and accounting standards. Our outsourced accounting controllers can benefit your company by helping to reduce costs for internal financial services.

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This blog article is not intended to be the rendering of legal, accounting, tax advice or other professional services. Articles are based on current or proposed tax rules at the time they are written and older posts are not updated for tax rule changes. We expressly disclaim all liability in regard to actions taken or not taken based on the contents of this blog as well as the use or interpretation of this information. Information provided on this website is not all-inclusive and such information should not be relied upon as being all-inclusive.