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Labor is the number one expense of most companies and the largest expense to the government when purchasing supplies and services. This is why timekeeping is so important for an organization. Accurately capturing and reporting all time worked and the assignment of that time to intermediate or final cost objectives is critical when translating hours from timekeeping into dollars (i.e., labor distribution) for detailed financial analysis. Timekeeping and labor distribution are two separate but related requirements of the SF 1408 Pre-award Accounting System Survey, and labor is always scrutinized as part of any proposal or audit. This webinar will cover the components of a timekeeping system, methods for total time accounting, as well as the ins and out's of labor distribution, its effects on financial reporting, and viable timekeeping solutions. Download the slide deck: https://www.slideshare.net/RobertEJon... https://www.leftbrainpro.com #govcon #govconaccounting #labordistribution #timekeeping #Timekeeping #LaborTracking #LaborDistribution #DirectLabor #IndirectLabor #LaborCosts #BurdenedLabor #FARCompliance #DCAA #SF1408 #TotalTimeAccounting #Timesheets #LaborCharging #JobCosting #Overhead #CostAllocation #FinancialReporting #Analytics #KPIs #TimekeepingSoftware #ProjectCosting #ProjectTracking #ResourceManagement #CompliantSystems