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Estimated Costs to Clients
We are in the process of examining how we provide our clients with estimated costs for agency fees/services. Currently, we provide our clients with estimates that break out agency fees for Creative, Production and Account Management so that they can see exactly how much we're charging them for Creative services as opposed to Production services, etc.

Formula for Staff Cost per Hour
Regarding Staff Billing Rates: Is there a good formula to use in calculating the COST per hour for each employee? Of course I should use the per hour rate, and actual benefits for health, life, dental paid for the employee. Anything else? Or a set formula taking everything into consideration?

Interest to Clients
Do any of you charge interest to your clients who don't pay by the due date? If so, do they pay it and has it hurt your relationship with them?

Multiple Companies Using Profit Centers
Does anyone currently use profit centers to track multiple companies = under one database. If so, are there any concerns or issues we should = be aware of before setting this up?

Printing Plates
Do any users cost and bill photo polymer printing plates using Clients & Profits?

To WIP or not to WIP
We are setting up C&P for the first time. WIP accounting is the last major hurdle. Because our jobs turn around quickly, I thought it would be more cost effective for us to do a WIP adjustment at year-end instead of every month--at least until such time that the length of our contracts increases and mgmt feels the need to track WIP more accurately. Suggestions? Comments? Instructions on how to set this up?

WIP Methods
When job cost A/P is entered do you code it to expense account, and then end-of-month pull an "unbilled" costs report to see what WIP balance sheet account should be reconciled too? Then what entry do you make? Debit WIP/credit what?