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Featuring: Rob Campbell from Withum
Air Date: January 17 2019
1pm Eastern/ 12pm Central / 11am Mountain / 10am Pacific
Program Length: 60 minutes
Unapplied labor hours means you either did not sell the time (which of course is now no longer saleable), or the accounting is not tight and efficient.
If you have larger than acceptable WIP or Unapplied Labor or those accounts are growing rather than shrinking, then this Online Workshop is for you.
Rob Campbell will share with you his process for identifying the problems, finding the profit leaks and then plugging them.
You Will Learn:
How adjusted costs impact your profitability and gross retention
The five primary causes of a growing WIP account
How to identify and understand the interaction of all the accounts involved and how they should function
How to get to the bottom of WIP and trace the source of errors
What systems are available to help minimize Unapplied Labor
How to make the right decisions on WIP write-offs, reductions and other corrections
How to whittle the WIP and Unapplied Labor problems down to size and save the bottom line.