Gone are the days of 9-5 employees. These days virtual assistants, freelancers and telecommuters are helping to grow your business. Technology has transformed when, where and how work is done. Unfortunately this puts a big strain on the finance team to make sure all the people costs tie out and that you’re correctly reporting on contractors versus employees.  People are people, and if they’re working for you Profitably can deliver insights into how they’re performing.

Mark a vendor as a contractor

You can mark your vendors as contractors to see the whole picture when it comes to people cost and understand which expenses are tied to freelancers

Import time activity from QuickBooks

If you’re already tracking time for your employees, Profitably can give you a view into how their time relates to your customers and your bottom line

Create time activity for an employee

Even if you don’t track time, you can get insight into staff costs by defining how employees spend their time.  If an account executive splits their time between sales and marketing, now you can understand their impact on both types of customer acquisition.

Map employee time activities to your customers to capture additional work or discrete deliverables

View and update cost of employee activities

See employee compensation separated by payroll, taxes, benefits and administration costs, and update to reflect your business, not your taxes. Gain visibility into what your team is working on and what that costs the company.