Overhead Recovery Analysis Excel Spreadsheet
If you can control your labor you control ultimately your profitability, especially in any service based business involving technicians or mechanics for example, or a consulting type business. In fact you can use this tool in any business where selected staff are responsible for generating revenue.
By using this hourly rate calculator it can work out the predetermined hourly rate for your business and give you the methods to set up the recoveries for each individual in the business (who are responsible for generating revenue) regardless of the type of business you are operating.
It will also forecast your expected labor revenue for the next 12 months along with break even hourly sales.
For more information on how you can use the hourly rate calculator, complete with working examples, click here