staffing financial reporting

The staffing forecast that looks profitable until bench time hits
Staffing Accounting

Staffing Margin Forecasting: How to Calculate It and Improve Accuracy

Staffing Accounting | |

Quick Answer: Staffing margin forecasting projects future revenue, direct costs, and profit using bill rates, pay rates, billable hours, utilization, and employer costs. CFOs improve accuracy by using current contract data, modeling bench time, tracking margin by client and consultant, and updating forecasts whenever conditions change. Revenue growth does not always mean higher profitability. Rising […]

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See what each consultant really earns your firm: revenue per consultant explained
Staffing Accounting

How to Calculate Revenue per Consultant and Why It Matters More Than Placements

Staffing Accounting | |

The number of consultants placed is a crucial growth indicator for US IT staffing firms, but it doesn’t tell the whole financial story. Even when two staffing companies, each employ 100 consultants, their gross profit and revenue can look drastically different. One consultant might bill $150,000 a year, while another bills $220,000. Both count as

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Staffing Accounting

How to Reduce Revenue Leakage in Staffing Firms with Smart Accounting

Staffing Accounting | |

Success is often acknowledged in the staffing industry after a placement is made. However, that is when the real work begins. A complex network of processes – including timesheets, billing, compliance, and financial monitoring- supports every successful placement. When these processes are not tightly managed, a silent yet costly issue emerges revenue leakage. It rarely

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