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Media & Newspaper Accounting Software
What is Media and Newspaper Accounting Software?
Accounting software for the entertainment or publishing industries take into account the different sources of revenue and the relationship-based nature of these industries. This software also often merges with ad sales, scheduling, ratings, subscription management, and other types of media or publishing technology features.
Media-Specific Functionality
As well as accounts payable/receivable and other basic accounting functionality, consider the following features in your media or newspaper accounting software:
| Comprehensive Digital Campaign & Project Management | Ensure that your accounting software is set up to manage the ins and outs of a media company. For example, integrate ad sales and placements, manage your trading partners and campaign data, classify data according to category and language (if necessary), know who’s working on which projects and reassign them accordingly, etc. |
| Ratings & Performance Evaluation | Enterprise and best-of-breed solutions will support the inclusion of Nielsen data, sales figures, and distribution reports to support competitive analysis and ensure relevance in the marketplace. |
| Scheduling | Incorporate programming schedules, talent booking/media buys, and even compare for clashes and competing programming. |
| Ad Sales Management | Advertising is the backbone of the entertainment and publishing industries. With ad sales continuing to rise, dependable communication between buyer and seller is more important than ever. Ensure your media accounting solution supports ad sales by recording account information, media buys, billing, and spot trades or make-goods. |
| Customer Relationship Management | Manage subscriptions and retail distribution. Store customer and distributor information like address, subscription history, and any interactions to support subscription renewals or expansion into related markets. |
| Automated Web-based Classified Ads Management | Helps create more efficient ads management and reduce risk of errors associated with rekeying classified ads manually. Integrates your classified advertising system with your website, to route payments through accounting while ensuring ad copy goes directly to the classifieds department. |
Evaluating Media and Newspaper Accounting Software
With the growth of the Internet, the business models for media and publishing industry companies are changing in a way we haven’t seen since the invention of the VCR. These changes can be particularly stressful if the organization is still relying on an inflexible generic accounting system, which can slow down the accounting phase, reducing staff efficiency and increasing costs.
When evaluating media, newspaper, or other entertainment or publishing industry accounting software, ask the following questions:
- Is this software designed specifically for your segment of the industry (i.e., TV or film; newspaper or magazine; content development or distribution)?
- What is your primary source of revenue? Is this software designed to track payments for that type of source?
- Do you want only accounting capabilities, or more features to support business/content development/sales?
- Do you want to integrate your software with your website?
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Sage 300 ERP (formerly Sage ERP Accpac)
Sage 300 ERP (formely Accpac), a scalable enterprise resource planning software system, gives users access to applications for accounting, as well as contact management & document management. It can be installed on site or hosted.
Microsoft Dynamics GP
Microsoft Dynamics GP integrates with Media Aspects to offer specific functionality for media firms. This functionality allows companies to monitor spending and revenue across channels as technology evolves.
Sage 100 Standard and Advanced ERP (formerly Sage ERP MAS 90 and 200)
Your operation needs accounting and financial management functionality it can count on, and Sage ERP MAS 90 and 200 systems deliver so you can focus on your deadlines. Its scalable build-out makes it ideal for small companies.
Intacct Financials and Accounting System
Intacct was founded in 1999 and since then has grown their user base to more than 30,000. The Intacct system offers features for billing & invoicing, fixed asset accounting, purchasing, expense reporting and payroll management.
NetSuite Financials
NetSuite's system allows media outlets to analyze ad sales and performance, track revenue generation from circulations and invoice customers for subscriptions. NetSuite also includes features for general ledger, A/R and more.
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Sage 500 ERP (formerly Sage ERP MAS 500)
Sage 500 ERP supports a wide variety of vertical markets, including media and newspaper. This system delivers core accounting and ERP functionality for small to midsized media organizations.
Multiview Enterprise .NET n10
Multiview's powerful accounting software solution can be tailored to meet the specific needs of media & newspaper accounting. Pricing is based on the number of users, so it's affordable for small & large organizations alike.
Oracle JD Edwards - Accounting
JD Edwards EnterpriseOne can support small news & media syndicates as well as enterprise-level publication firms. The software can track subscription revenue, monitor advertising profitability, bill & invoice and more.
SAP Business One
Business One from SAP has specific functionality for media companies facing the complexities of Internet, online publishing, and digital markets. It can help media companies respond to these changes and maintain profit margins.
Microsoft Dynamics NAV
Microsoft Dynamics NAV's highly customizable enterprise resource planning system integrates accounting, sales and marketing, supply chain management and any number of business functions to keep your operation running.
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