Episode 198: Is Your Firm Leaking Money Without Knowing It?

Avoid the mistake of collecting timesheet data and doing nothing with it, or you will keep running a firm that feels busy but cannot tell you whether it is actually profitable.In this episode of The Wize Way Podcast, Thomas breaks down the metrics that sit beneath your Fab Five and shows you how to use them to diagnose exactly where your firm is leaking money.✅ What recoverable rate actually means, and why it is becoming the most important KPI in your firm ✅ The difference between tracking write-ons and write-offs and truly understanding what they are telling you ✅ Why your WIP balance is one of the clearest signals your capacity is under pressure ✅ How to use your capacity planner to pinpoint whether your problem is team structure, charge-out rates, or cost of goods sold ✅ Why offshoring is no longer optional if you want to hit 40% cost of goods sold ✅ Current onshore and offshore salary benchmarks for senior accountants, and how the market has shifted in the last 12 monthsIf you have the data but are not sure what to do with it, this episode gives you the framework to turn your timesheet numbers into real decisions that protect your margins and drive your firm forward.________________  PS: Whenever you’re ready… here are the fastest 4 ways we can help you fix and grow your accounting firm:   1. Download our famous Wize Freedom Map for FREE - Find out the 101 projects every firm owner must implement to build a $5M+ firm that can run without them - Download here 2. Need to hire right now? Book a 1:1 FREE discovery call with our WizeTalent hiring coaches to help find your next team member the Wize Way – Click Here 3. Work with Jamie and our mentors for 8 weeks - Build a custom business plan for your firm - Apply here