When it comes to non-billable hours, businesses can totally reframe how they approach them. Rather than a knee-jerk reaction of directly trying to reduce non-billable hours, reframing your mindset to how best to manage non-billable hours can actually give you the upper hand. Non-billable hours: Strategic investment Your clients expect to be billed only for […]
If you bill clients based on the time you spend, here’s a pop quiz: which projects make the most money? Or even more importantly: which projects aren’t profitable? If you don’t know the answer to these questions, it’s time to start thinking about project profitability, a measurement of revenue billed versus time and cost expended. […]
Absenteeism KPIs are a crucial piece of executive HR dashboards because they shed light on trends and potential issues. Employees miss work from time to time due to different reasons, including being sick or even unplanned absences, and that’s how it should be. It’s unrealistic to expect them to report to work every day of […]
In this tutorial, learn how to create a budget vs. actuals report in Excel using Power Query. Gain insights and track financial performance effortlessly. As a financial controller, accountant, or CFO, you’re likely familiar with the concept of budget vs. actuals. You know that reporting budget vs. actuals can be both cumbersome and time-consuming, given […]
Financial forecasting is the process of making estimates about the future performance of a business or organization. These estimates are based on past performance, current conditions, and trends. Financial forecast reliability is essential for businesses of all sizes. This allows them to make informed decisions about investments, operations, and strategies. What factors affect financial forecast […]
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