Creative Performance Inc
JULY 2015 WORKAMAJIG
ACCOUNTING UNIVERSITY
SOLD OUTDETAILS
July 14-17, 2015
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:
- Untangling how the Billing Matrix impacts the P&L
- Highlighting the link between Project Management + Accounting
- Improving the timeliness + accuracy of revenue recognition using best practice processes
- Deciphering the mystery of Work in Progress within Workamajig
- Increasing program profitability utilizing the Workamajig platform
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, 20157:00 am to 8:00 am | Breakfast (provided) |
8:00 am to 9:00 am | Introductions + Overview |
9:00 am to 9:30 am | Agency Workflow Project Workflow |
9:30 am to 10:00 am | Roles + Responsibilities Accounts Payable |
10:00 am to 10:30 am | Break |
10:30 am to 12:00 pm | Roles + 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 pm | Break |
3:00 pm to 4:00 pm | Billing Matrix Review Services Purchase Items Expense Items Media Items Billing Items |
4:00 pm to 5:00 pm | Best Practice Chart of Accounts |
5:00 pm | CPI Happy Hour |
7:00 am to 8:00 am | Breakfast (provided) + Workamajig® Overview (optional) |
8:00 am to 9:00 am | Client Architecture - Parent + Child Relationships |
9:00 am to 10:00 am | Campaigns: Accounting’s Perspective Campaign Architecture Campaigns, Segments + Projects When to Use Campaigns Retainer Clients Invoice Layout Options |
10:00 am to 10:30 am | Break |
10:30 am to 11:30 am | Projects: 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 pm | Journal Entries Adding Journal Entries |
12:00 pm to 1:00 pm | Lunch (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 pm | Accounts 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 |
7:00 am to 8:00 am | Breakfast (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 am | Work in Progress Why to Use WIP Who Should Use WIP Overview + T-Account Review |
10:30 am to 11:00 am | Break |
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 pm | Break |
4:00 pm to 5:00 pm | Revenue Recognition in Workamajig Overview |
7:00 am to 8:00 am | Breakfast (provided) |
8:00 am to 10:00 am | Transactional 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 am | Break |
10:30 am to 11:30 am | Transactional Invoicing Creating Transactional Invoices |
11:30 am to 12:00 pm | Financial + 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 pm | Break |
3:00 pm to 4:00 pm | Understanding Project Financials How to Read the Workamajig® Project Dashboard |
4:00 pm to 5:00 pm | CPI Agency Accounting Certification Quiz Q + A |
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