Our Accounting Workflow for Interior Designers

Here is our accounting workflow for interior designers in order to keep proposals, payments, and orders in sync and stay on top of your game.

  1. Designers create items on proposals, which their clients approve or send a payment for.
  2. One client payment has been received, payment should be applied to a proposal.
  3. Immediately after client payment is applied, the designer should create an invoice.
  4. Once the payment is received and the invoice is created, the designer should create purchase orders directly from the paid invoice.
  5. The purchase orders created should be open for reference during the ordering process and matched to vendor invoice/receipt backup for accuracy while ordering.
  6. Purchase orders should match the vendor invoice EXACTLY. If the purchase order is less than the vendor originally quoted and you need to bill the client more, simply create a new proposal with the additional costs. Although possible, NEVER alter the invoices once created. If everything is done in sequence, and correctly, all financial reports should be accurate in real-time.
  7. Immediately after an item is ordered, the designer should post vendor payment details to a purchase order.

Download our interior designer accounting workflow as an image for easy access.

Just right-click the image and save. Or tap and hold on mobile.

best practices.
Our Accounting Workflow for Interior Designers

Disclosure

This website may contain affiliate links that at no additional cost to you, we may earn a small commission. We only recommend products that we would use ourselves and all opinions expressed here are our own.

Share This Post

Related Posts

Our Top 5 Interior Wall Paint Colors for 2023

Our Top 5 Interior Wall Paint Colors for 2023

Fewer people are picking the traditional white and light grey interior wall color and instead opting for unique colors to express their creativity. Here are the paint colors that we’ve seen increased popularity in.

Read More
The Top 10 Interior Design Trends for 2023

The Top 5 Interior Design Trends for 2023

As we move into 2023, there are certain design trends that are gaining popularity and will most likely be brought up when talking with potential clients. Here are our top 5 interior design trends for 2023.

Read More

Leave a Reply

Your email address will not be published. Required fields are marked *

Fill out this field
Fill out this field
Please enter a valid email address.