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particular magazine issue, we had the distinct pleasure of talking to Clay Sandoz, the founder and owner of Wellstead Solutions.

Wellstead Solutions is the product of Clay looking at the market, seeing a gap, and filling it himself. Wellstead Solutions is essentially a consultant company for people who want to create their own non-profit foundations. Clay saw people and businesses in the market who wanted to make the world a better place but lacked the logistical support. This is where Clay stepped in with his skillset. Now, he helps these new nonprofits with logistics by creating structure and establishing processes so that the businesses can focus less on operations and more on doing good.

“G-Accon has been crucial in allowing me to reduce my time doing something a computer can do, greatly reducing error (no copy/paste or manual entry) - all of which has allowed me to scale my business”.

Behind the scenes, mid-sized nonprofits require full-service financial operations, including donation processing, bookkeeping, accounts payable, expense reimbursements, payroll, and more. One of the biggest factors that has to be handled is processing all things donation related. This means processing physical checks, overseeing online...

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5 Reports For Financial Growth

By Alan Hyland, simPRO Software

UNDERSTANDING THE OVERALL HEALTH AND FINANCIAL STATUS OF ANY BUSINESS CAN BE DIFFICULT WITHOUT THE RIGHT INSIGHTS AND REPORTS. FOR YOUR TRADE CLIENTS, DAY-TODAY TASKS INVOLVED IN RUNNING SERVICE, PROJECT AND MAINTENANCE WORK OFTEN KEEP THEM BUSY, SO THEY RARELY HAVE TIME TO LOOK AT DATA. BUT BY NOT PAYING ATTENTION TO DATA WITHIN THEIR BUSINESS, THEY ARE MISSING AN OPPORTUNITY FOR GROWTH.

Consistently dedicating time to review and manage business data enables your trade clients to identify workflow blockages, eradicate outdated information, pinpoint discrepancies in revenue and much more. As their expert advisor you can be the driving force behind this change, encouraging them to run these reports as part of their regular data analysis processes.

Whether you have clients already using simPRO, or you’re new to the software, we’ve put together the top five reports that are available in simPRO to help your trade clients take their business to the next level.

1. Price Discrepancies Report

This report helps monitor materials and supplier costs, and helps identify when your clients may need to switch suppliers to get a better price for them and their customers.

Trades clients can review individual items on supplier invoices, such as price discrepancies, applied credits and updated pricing.

2. Stock Value Report

Stocktake is a time-consuming task for many businesses. Controlling the amount, location and type of inventory is a huge job in itself, then add to it the need to regularly account for the value of materials and you’ve got a big (and frequent!) headache for the business.

The Stock Value Report helps track the value of inventory throughout the year. It displays an overview of the value of stock across all of your storage devices - including separate warehouses, work vehicles, and site locations.

Trade clients can also use the extended Report View to see the quantity and value of stock items according to part number.

3. Job WIP Report

Not every job progresses in a straight line from start to finish, especially right now, where there are frequent fluctuations in material costs. It’s important to be able to stay on top of job progress at every stage, as timeline disruptions cut into cash flow, especially if your trade clients don’t regularly invoice.

That is where the Job WIP Report can help. It shows trades clients which jobs are partially or not yet invoiced, which helps identify issues early on so they can manage cash flow and other jobs accordingly.

4. Profit / Loss Report

Profit and loss analysis helps trades businesses assess their performance by reviewing the profit/loss status of invoiced jobs. By evaluating profit and loss per job, you can help your trades clients understand:

• Which jobs are most profitable

• What common factor causes a loss on similar... Keep reading