Creative Performance Inc
JUNE 2014 WORKAMAJIG
ACCOUNTING UNIVERSITY
SOLD OUTDETAILS
June 17-20, 2014
Workamajig Accounting University, June 2014
OVERVIEW
This content, normally reserved exclusively to our Workamajig Deployment and Re-deployment 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!”
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: JUNE 17, 2014| 7:00am to 8:00am | Breakfast (provided) |
| 8:00am to 9:00am | Introductions + Overview |
| 9:00am to 10:00am | Agency Workflow Project Workflow Workamajig® Workflow Process |
| 10:00am to 10:30am | Break |
| 10:30am to 12:00pm | Roles + Responsibilities Accounts Payable Accounts Receivable / Billing Financial Planning + Analysis / Payroll Account + Project Management |
| 12:00pm to 1:00pm | Lunch (on your own) |
| 1:00pm to 1:30pm | Accounting in Workamajig® Overview |
| 1:30pm to 2:30pm | Understanding Agency Rates Billing by Person Billing by Service (Functional vs. Title) Service Rate Sheets |
| 2:30pm to 3:30pm | Billing Matrix Review Services Purchase Items Expense Items Media Items Billing Items |
| 3:30pm to 4:00pm | Break |
| 4:00pm to 5:00pm | Best Practice Chart of Accounts |
| 5:00pm | CPI Happy Hour |
| 7:00am to 8:00am | Workamajig® Overview (optional) + Breakfast (provided) |
| 8:00am to 9:00am | Client Architecture Parent + Child Relationships |
| 9:00am to 10:00am | Campaigns: Accounting’s Perspective Campaign Architecture Define Campaigns, Segments + Projects When to Use Campaigns Retainer Clients Invoice Layout Options |
| 10:00am to 10:30am | Break |
| 10:30am to 11:30am | Projects: Accounting’s Perspective Project Architecture + Project Accounting Setup Phased Workflow for Revenue Recognition Tracking Budgets + Expenses Project Setup Status Tab Accounting Tab Team Tab Custom Fields Tab |
| 11:30am to 12:30pm | Journal Entries Adding Journal Entries |
| 12:30pm to 1:30pm | Lunch (on your own) |
| 1:30pm to 3:30pm | Accounts Payable Vendor Setup Cost of Goods Sold Invoices (w/POs) Purchase Order Overview PO/COGS Invoice Reconciliation Pre-Bill Accrual Overview + T-Accounts Review Cost of Good Sold Invoice Entry Accrued Order Detail Report Overhead Invoices Vendor Credit Memos |
| 3:30pm to 4:00pm | Break |
| 4:00pm to 5:00pm | Accounts Payable, continued Vendor Payments Selecting Invoices for Payment Printing Checks Voiding Checks + Reissuing |
| 7:00am to 8:00am | Breakfast (provided) |
| 8:00am to 10:30am | Accounts Payable, continued Expense Reports Employee Vendor Record Approval Process Converting to Vendor Invoice Credit Card Entry Options Vendor Invoices Credit Card Module |
| 10:30am to 11:00am | Break |
| 11:00am to 12:30pm | Work in Progress Why to Use WIP Who Should Use WIP Overview + T-Account Review |
| 12:30pm to 1:30pm | Lunch (on your own) |
| 1:30pm to 3:30pm | Accounts Receivable / Billing New Client Setup Revenue Recognition Timeline Review Managing Deferred Revenue Advanced Bills vs. Transactional Invoicing T-Accounts Review Creating Advanced Bills |
| 3:30pm to 4:00pm | Break |
| 4:00pm to 5:00pm | Accounts Receivable / Billing Customer Receipts Deposits/Wires Client Credit Memos Client Refunds Non Trade Receipts |
| 7:00am to 8:00am | Breakfast (provided) |
| 8:00am to 11:00am | Transactional Invoicing + Revenue Recognition Pre-Billing Meeting Process Transaction Management Billing Worksheet Report Pre-Billing Meeting Checklist Billing Worksheet Process Generating Billing Worksheets Reviewing Billing Worksheets Modifying Billing Worksheets Removing Transferring Write-off vs. Write-up/Write-down Value-Add Worksheet Summary Review Creating Transactional Invoices |
| 11:00am to 11:30am | Break |
| 11:30am to 12:30pm | Financial + Operational Reporting End of Month Checklist Bank Reconciliations Financial Reporting Write-off Reporting Utilization Reporting Metrics Monitor |
| 12:30pm to 1:30pm | Working Lunch (provided) |
| 12:30pm to 1:30pm | Custom Reporting + Excel Financials Dataset Selection + Report Builder Excel Financials Worksheet Setup Recommended Excel Financial Reports |
| 1:30pm to 2:30pm | Managing Budgets: Accounting’s Perspective Budgets to Actuals By Item, By Type, By Task |
| 2:30pm to 3:00pm | Break |
| 3:00pm to 4:00pm | Understanding Project Financials How to Read the Workamajig® Project Dashboard |
| 4:00pm to 5:00pm | CPI Agency Accounting Certification Quiz Q + A |
The Workamajig® name and the Workamajig® logo are the exclusive trademarks of Creative Manager, Inc. and are registered in the U.S. Patent & Trademark Office.
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