{"id":114645,"date":"2023-08-07t11:57:00","date_gmt":"2023-08-07t15:57:00","guid":{"rendered":"\/\/www.g005e.com\/?p=114645"},"modified":"2023-09-21t17:11:16","modified_gmt":"2023-09-21t21:11:16","slug":"why-and-how-to-track-payroll-costs","status":"publish","type":"post","link":"\/\/www.g005e.com\/2023\/08\/07\/why-and-how-to-track-payroll-costs\/","title":{"rendered":"why and how to track payroll costs"},"content":{"rendered":"
bonus: nine specific illustrations.<\/strong><\/p>\n by ed mendlowitz<\/i> most business owners look at the total payroll in dollars and go no further. but \u2013 payroll numbers are useful only if you drill down several levels to determine …<\/p>\n more: <\/b><\/strong>how to account for materials purchased<\/a> | how to advise clients on allocating business resources<\/a> | be wary of discounting prices<\/a> | where is your firm in its lifecycle?<\/a> | six kinds of loan covenants<\/a> | what\u2019s more profitable, raising or lowering prices?<\/a> | insurance you might not know you need<\/a> | solos need plans for death, disability<\/a> | you don\u2019t need this, but your survivors do<\/a> | five ways to ward off fraud in not-for-profits<\/a> head count<\/strong><\/p>\n i tell clients to keep track every month of the total head count of the business \u2013 whether it’s three, 10 or 100 employees. on a year-to-year basis, the head count can be very revealing. first, it tells you whether employment is growing faster than you realized. second, by comparing head count with unit sales, you can measure worker productivity. if there is growth in units sold, your payroll is in good shape. if growth of units per employee declines, you have a problem that needs immediate attention.
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