Creative Performance Inc

Workamajig Accounting University, July 2015

JULY 2015 WORKAMAJIG
ACCOUNTING UNIVERSITY

SOLD OUT

DETAILS

July 14-17, 2015

Downtown Portland, OR

Workamajig Accounting University, July 2015

OVERVIEW

This content, normally reserved exclusively to our Workamajig Deployment and consulting solutions, is now available to you. CPI’s expert training will help Finance Managers, Controllers, CFOs and Agency owners leverage the integrated functionalities of Workamajig by:

We’ve designed our seminar to specifically address the unique challenges of managing finances within an agency environment while using the Workamajig tool. Whether you’ve been using Workamajig since it was Creative Manager Pro, are preparing for a new Workamajig deployment, or are updating your skills to learn advanced Workamajig functionality, CPI’s Workamajig Accounting University has it all.

QUOTES FROM PAST ATTENDEES

“The seminar was appropriate for all levels of expertise in accounting and billing. It was really helpful to learn best practices so that I can know if we are handling our agency appropriately, and now I have some ammo to make changes!”

“CPI’s Workamajig trainings not only teach you how to use a complex integrated system, but also the business fundamentals critical to understanding it.”

“The training was great! I needed it to use Workamajig successfully. All CPI staff members are great!”

“Small setting is terrific for interaction, learning and remaining focused.”

LEARNING OBJECTIVES

  • Recognize roles of Accounting/Finance within an agency environment
  • Identify how project/campaign setup impacts billing + reporting
  • Understand the complexities of an integrated project management/accounting system
  • Explain the implications of Write-off vs. Write-up/Write-down
  • Apply best practice End of Month close process + reporting
  • Implement best practice client invoicing + revenue recognition
  • Facilitate billing meetings to improve communication between project management + accounting
  • Recommend if your agency should use Workamajig WIP functionality
  • Produce standard + customized agency financial statements
  • Create + analyze customized agency operational + financial reports
  • Design a revised chart of accounts based on agency best practice
  • Evaluate your agency’s realization gap (unrecognized billable hours) by client, project, service, person + reason

COST

The cost per attendee for the 4-day Certification Track is $3,500. For agencies sending more than one attendee, the second attendee will receive a $500 discount. Space is limited and this discount will be applied on a first-come, first-served basis.

AGENDA

DAY ONE: JULY 14, 2015
7:00 am to 8:00 amBreakfast (provided)
8:00 am to 9:00 amIntroductions + Overview
9:00 am to 9:30 amAgency Workflow
Project Workflow
9:30 am to 10:00 amRoles + Responsibilities
Accounts Payable
10:00 am to 10:30 amBreak
10:30 am to 12:00 pmRoles + Responsibilities (continued)
Accounts Receivable / Billing
Controllership / Payroll / Financial Planning + Analysis
Account + Project Management
12:00 pm to 1:00 pm Lunch (on your own)
1:00 pm to 2:30 pm Understanding Agency Rates
Rate Definitions
Using Service Rate Sheets
Billing by Service (Functional vs. Title)
Billing by Person
2:30 pm to 3:00 pmBreak
3:00 pm to 4:00 pmBilling Matrix Review
Services
Purchase Items
Expense Items
Media Items
Billing Items
4:00 pm to 5:00 pmBest Practice Chart of Accounts
5:00 pmCPI Happy Hour
DAY TWO: JULY 15, 2015
7:00 am to 8:00 amBreakfast (provided) + Workamajig® Overview (optional)
8:00 am to 9:00 amClient Architecture
- Parent + Child Relationships
9:00 am to 10:00 amCampaigns: Accounting’s Perspective
Campaign Architecture
Campaigns, Segments + Projects
When to Use Campaigns
Retainer Clients
Invoice Layout Options
10:00 am to 10:30 amBreak
10:30 am to 11:30 amProjects: Accounting’s Perspective
Project Architecture + Task Setup
Phased Workflow
Tracking Budgets + Expenses
Project Setup
Status Tab
Accounting Tab
Team Tab
Custom Fields Tab
11:30 am to 12:00 pmJournal Entries
Adding Journal Entries
12:00 pm to 1:00 pmLunch (on your own)
1:00 pm to 2:30 pm Accounts Payable
Understanding Freelancers vs. Contractors vs. Vendors
Cost of Goods Sold Invoices (w/POs)
Purchase Order Overview
PO/COGS Invoice Reconciliation
Cost of Good Sold Invoice Entry
2:30 pm to 3:00 pm Break
3:00 pm to 5:00 pmAccounts Payable, continued
Overhead Invoices
Vendor Credit Memos
Vendor Payments
Selecting Invoices for Payment
Printing Checks
Voiding + Reissuing Checks
Expense Reports
Approval Process
Converting to Vendor Invoice
Employee Vendor Record
DAY THREE: JULY 16, 2015
7:00 am to 8:00 amBreakfast (provided) + Custom Reporting/Excel Financials (optional)
Dataset Selection + Report Builder
Security Settings
Worksheet Setup
Formula Review
8:00 am to 9:00 am Credit Card Processing
Credit Card Entry Options
Vendor Invoices
Credit Card Module
9:00 am to 10:30 amWork in Progress
Why to Use WIP
Who Should Use WIP
Overview + T-Account Review
10:30 am to 11:00 amBreak
11:00 am to 12:30 pm Accounts Receivable / Billing
Revenue Recognition Timeline Review
Managing Deferred Revenue
Advanced Billing vs. Transactional Invoicing
T-Accounts Review
12:30 pm to 1:30 pm Lunch (on your own)
1:30 pm to 2:30 pm Accounts Receivable / Billing, continued
Managing Accrued Revenue
Prebill Accrual Overview + T-Accounts Review
Accrued Order Detail Report
Creating Advanced Bills
2:30 pm to 3:30 pm Receipts + Credits
Customer Receipts
Client Credits
Credit Memos on Account
Client Refunds
Advanced Bill Credit Memos on Account
Advanced Bill Credit Refunds
Non Trade Receipts
3:30 pm to 4:00 pmBreak
4:00 pm to 5:00 pmRevenue Recognition in Workamajig
Overview
DAY FOUR: JULY 17, 2015
7:00 am to 8:00 amBreakfast (provided)
8:00 am to 10:00 amTransactional Invoicing + Revenue Recognition
Pre-Billing/Revenue Recognition Meeting Process
Transaction Management
Billing Worksheet Report
Pre-Billing/Revenue Recognition Meeting Checklist
Billing Worksheet Process
Generating Billing Worksheets
Reviewing Billing Worksheets
Modifying Billing Worksheets
Removing
Transferring
Writing Off vs. Writing Up/Writing Down
Value Add
Worksheet Summary Review
10:00 am to 10:30 amBreak
10:30 am to 11:30 amTransactional Invoicing
Creating Transactional Invoices
11:30 am to 12:00 pmFinancial + Operational Reporting
End of Month Checklist
Bank Reconciliations
12:00 pm to 12:30 pm Lunch Break (provided)
12:30 pm to 1:00 pm Financial + Operational Reporting, continued
Financial Statements
Write Off Reporting
Utilization Reporting
Metrics Monitor
1:30 pm to 2:30 pm Managing Budgets: Accounting’s Perspective
Budgets to Actuals
By Item, By Type, By Task
2:30 pm to 3:00 pmBreak
3:00 pm to 4:00 pmUnderstanding Project Financials
How to Read the Workamajig® Project Dashboard
4:00 pm to 5:00 pmCPI Agency Accounting Certification Quiz
Q + A

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