Overhead is Evil… Or Is It?
Overhead is Evil… Or Is It?
Greg Khan, Client Director from CFO Advisory at Xact Accounting, went through a model he created to better understand the revenue required to continue hitting net profit targets when adding additional overhead staff.
Key Highlights:
- How do COGS and Overhead costs differ – and why it’s important to know the difference
- How to better predict the impact on margins of hiring “back-office” staff like estimators or admin.
- Thinking of scaling up marketing? How much revenue and new projects do you need to win to protect your net margin.
- How to allocate wages for carpentry teams moving between jobs, and business owners working on, as well as in the business.
Download our free Bloat Calculator and Budgeting for Builders templates – as featured in this webinar.
Presenters
More Helpful Resources for Builders
- WIP Accounting for Builders:
Xact Accounting Client Directors Daniel Wilkinson and Josh Robertson tackle the best practice approach to calculating Work In Progress (WIP) – an extremely important, yet often overlooked or miscalculated aspect of your financial position.
- Cashflow Workshop for Builders:
Xact Accounting Founder and CEO Mick Renton and Client Director Daniel Wilkinson walk builders through a working cashflow forecast and provide tips on how to get your cashflow under control!
- Building & Construction Accounting
Find more webinars and workshops, useful articles, and downloadable tools on our resources page!
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