Fashion, Cosmetics, & Jewelry Design
Whether you're crafting a product that enhances the skin, body, or shape, every design firm has certain inherent challenges in their bookkeeping and accounting.
Foundational items such as guiding a company through an application for a line of credit, or even selection of an appropriate set of insurance policies can try the patience of the best of us, but are needed to ensure the company has the financial runway needed to be successful.
Further complicating matters, any combination of the following can distract you from brainstorming and seeking inspiration for next season's line.
-Focusing the timing of front-loaded investment in production which leads to predictable cash flow peaks and valleys
-Working through the necessities of accrual basis filing for your inventory
-Planning and managing wholesale invoicing - particularly with varying net terms from one vendor to the next
-Dealing with overseas suppliers or producers and their own foreign language invoices, wire payments and currency conversions
We aim to relieve you of the workload these create so that you're freed up to focus energy on creativity.