In Workamajig We wanna make sure that you're making smart business decisions, and you're also aware of how well you're doing, not only with your projects, but with your clients too. So we have a variety of additional profit and loss reporting in the system already set up to go. If we look at our traditional corporate P and L statement, obviously we're gonna have your standard information. Standard different types of reporting options for comparatives, budget comparisons and the like. All of that is pretty common in the accounting system. What's not so common is to have a campaign level profit and loss report that has three different methods of allocating overhead. Ours are all defaulted by hours because that's what the industry experts all recommend as a best practice. So we certainly want to follow those rules. However, we do have the additional options because not everybody is reporting exactly the same. Same with the client level, we have both a detailed view as well as a multi view in the client level profit and loss. So for the client level profit and loss. Again having the three different ways of allocating overhead defaulted by hours, will allow us to easily line up all our clients. If one of your clients is using 20% of your resources their gonna be applied 20% of your overhead allocation. Are they gonna cover all that? A lot of times we find that we may be over servicing
certain clients and the client that we build the most to, once you throw that overhead allocation in, they may not be as profitable as we once thought. Taking it down then further to the project level, both the detail on a multi view again. And when we look at that, we might find out that some of those projects that we didn't think much about. Maybe it's a really simple little project may have a really great profit margin, and you might want to highlight that in your marketing efforts. You also might find that some of your bigger ticket items that you do regularly or they might be a standard thing that you're doing for the majority of your clients. If you put that overhead allocation in, it might be digging into your profit margin more then you thought. We can also then, at this level, find out if we have a superstar account manager. If we have one account manager whose projects are coming in much more profitable than others, we could set up a training. Have that account manager, maybe talk to your other account managers, teach each other, increase our skill sets. Make the entire firm more profitable. And talking about profitability if we're selling, we also want to see if we have certain sales people who are really doing a great job and bringing in projects that are giving us an awesome profit margin. If that's the case, they might get a bonus. But it's really easy to get those numbers right out of Workamajig whenever that need comes up. Just having all the information in one system will allow you to get that information quickly and make really great, smart business decisions that can help you grow your firm or simply become more profitable.