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A labor burden rate is all the money it costs to keep an employee on your team – way beyond just their paycheck. Think health insurance, taxes, office space, and even the laptop they use. Here’s the truth: most businesses get this calculation wrong, and it’s costing them big time.

The main difference between FLSA exempt and non-exempt employees comes down to overtime pay and minimum wage rules. Non-exempt workers must get overtime pay (1.5x their regular rate) for working over 40 hours weekly, while exempt employees don’t get extra pay no matter how many hours they work. Want to

A selling rate calculation is a simple formula that helps you figure out how much to charge for your products to make a profit. It takes your costs and adds a markup percentage to set the right price for your customers. Here’s the thing: Most businesses get this wrong. In

Production budget calculation is the process of figuring out how much money you’ll need to make your products. Think of it like planning your grocery budget – but for making stuff to sell. Here’s the truth: Most businesses get their production budgets wrong because they use old-school methods that don’t

Importing profit and loss statements doesn’t have to be a headache. Just like checking your bank account online, moving your P&L data into accounting software should be quick and simple. Here’s the thing: Most business owners waste hours copying and pasting numbers when they could automate the whole process. I’ve

Here’s the deal: The cost of sales for service companies is all the money you spend to deliver your services to clients – from paying your team to buying software licenses. But unlike product companies that just track inventory costs, service businesses face a tougher challenge. With 82% of U.S.