Timekeeping and Labor Distribution

When:

October 27, 2020, 9:00 AM - 10:30 AM

Where:

Webinar

Cost:

Free

Labor is the number one expense of most companies and the largest expense to the government when purchasing supplies and services. This is why timekeeping is so important for an organization. Accurate capturing and reporting all time worked and the assignment of that time to intermediate or final cost objectives are critical when translating hours from timekeeping into dollars (i.e., labor distribution) for detailed financial analysis. Timekeeping and labor distribution are two separate, but related, requirements of the SF 1408 Pre-award Accounting System Survey, and labor is always scrutinized as part of any proposal or audit. This course will cover the components of a timekeeping system, methods for total time accounting as well as the in’s and out’s of labor distribution, it’s effects on financial reporting, and viable timekeeping solutions.

This webcast is offered to Alaska registered PTAC clients only. Call 786-7258 or email jysummers@alaska.edu for registration site and access code.

Add to Your Calendar 10/27/2020 9:00 AM 10/27/2020 10:30 AM Timekeeping and Labor Distribution

Labor is the number one expense of most companies and the largest expense to the government when purchasing supplies and services. This is why timekeeping is so important for an organization. Accurate capturing and reporting all time worked and the assignment of that time to intermediate or final cost objectives are critical when translating hours from timekeeping into dollars (i.e., labor distribution) for detailed financial analysis. Timekeeping and labor distribution are two separate, but related, requirements of the SF 1408 Pre-award Accounting System Survey, and labor is always scrutinized as part of any proposal or audit. This course will cover the components of a timekeeping system, methods for total time accounting as well as the in’s and out’s of labor distribution, it’s effects on financial reporting, and viable timekeeping solutions.

This webcast is offered to Alaska registered PTAC clients only. Call 786-7258 or email jysummers@alaska.edu for registration site and access code.

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