Take Control of Your Finances:
Cash Management Services
- Accounts payable
- Accounts receivable
- Royalty and revenue management
- Set up bank services
- Management commission reports
- Profit First method budgeting
Unlock the full potential of your cash resources with ICONAC’s comprehensive white-glove cash management services.
As a DJ that is touring, having ICONAC chasing my show settlements has been a game changer for me. I don't have to worry about it anymore, I can just focus on my music and the next show.
ICONAC will set your business up for success by implementing the Profit First method.
Profit First is the best way to guarantee profit and manage cash flow for your business. ICONAC will set up 5 bank accounts: Income, Operating Expenses, Profit, Owner’s Pay, and Tax. All revenue is received in the Income account, then a percentage of the revenue is distributed to the other 4 accounts automatically. This ensures you are making profit a priority.
Profit First method: sales – profit = expenses
Traditional method: sales – expenses = profit
Only Available on the Unlimited Package Plan
Unlimited Plan
Includes:
- Accounts Payable
- Accounts Receivables
- Profit First Accounting
- Royalty and Revenue Management
- Management Commission Reports
- Leveraging our relationship with agencies on your behalf to obtain invoices and show settlements
I used to struggle with keeping track of my money, but now with ICONAC managing my cash flow, I have a clear and organized system. I always know where my money is going, and I feel much more in control. The peace of mind this brings is amazing.
Cash Management FAQ
What is Cash Management?
Cash management is keeping track of how money comes in and goes out of a business to make sure there’s always enough money available to keep the business running smoothly.
What are some benefits of the Profit First method?
Better Profit: By setting aside profit first, you make sure your business is making money.
Better Budgeting: Makes it easy to see how much you have for different needs by using separate accounts.
Improved Cash Flow: Makes sure you don’t run out of money for important things like bills and taxes.
Do I need to issue invoices and pay bills?
No, you no longer have to issue invoices or pay your bills. Our team of Accounts Payable/Receivable Specialists will handle the invoicing of vendors for you and will make sure your bills are paid in a timely manner.
How do I pay commisions to my agent and manager?
We will track all qualifying earnings, calculate the commissions owed, and prepare detailed reports showing these amounts each month.