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COMMUNICATES

THE CEDIA PODCAST:

BUSINESS ADVICE FROM THE TECH SUMMITS A recent podcast from one of CEDIA’s Tech Summits featured two long-time instructors who have been helping members improve their businesses for years. Here’s a recap: Job Costing Right Susan Sipe has identified one of the biggest issues for integrators using QuickBooks: “The software is out of the box, set up for retail applications, not contractors.” Susan, who’s part of multiple companies (including the one most relevant to this material, Salez Toolz [saleztoolz.com]), had 30-odd years in the custom integration business before turning her attention to other ventures. She’s developed a course, “Job-Costing for Integrators Who Don’t Like Accounting (Namely, ALL Integrators).” The fundamental problem: QuickBooks’ default settings are designed for a cash business; Sally works eight hours, sells two dozen t-shirts, hourly labour was fixed, cost to the retailer for the shirts was set — simple stuff. Figure out the sales tax, cost of the physical space, and so on, and you’ve arrived at a fairly simple profit and loss statement. A trade like systems integration has a vastly different set of circumstances. Deposits come in during February, gear is purchased in March — one monthly P&L shows a firm solidly in the black, the next, wildly in the red. By learning how to adjust one’s approach to QuickBooks, Susan shows attendees how to get accurate statements that give an integrator a real picture of how and where they’re making (or losing) money during jobs that can span for weeks or even years.

Profile for CEDIA EMEA

CEDIA Communicates - Quarter 3 2019  

This quarter we feature two project profiles, dive in to 5G, discuss cable disruption, and preview the CEDIA Awards.

CEDIA Communicates - Quarter 3 2019  

This quarter we feature two project profiles, dive in to 5G, discuss cable disruption, and preview the CEDIA Awards.

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