Resources available to help control LABOR COST “ACTUAL TO BUDGET” Reporting
As Director’s what Resources do I have to help insure that I have an accurate PAYROLL expense hitting my FOS report?
MYSTAFF and reports available through MY STAFF is your best resource to insure hourly staff expense accuracy. MYSTAFF has many tools including a DAILY audit of punches that you can match to your schedule and budget. Once payroll is finalized you can review the FOS report to insure that your totals match.
Additionally, your accounting supervisor is another great resource if you have questions related to your accrual for month end expenses. In some cases, if you are able to justify OVERTIME as a one-time only for the first pay period you may be able to have your ACCRUAL ADJUSTED for month end.
With the close of the second quarter upon us, it is a good time to review your accounts performance as a team as well as your PAYROLL reporting and forecasting accuracy. Work together with your TEAMs on strategies to ensure your financial targets are being met daily/weekly/monthly.
Kevin J Mclaughlin | Regional Director of Operations