This document is a guide focused on key concepts and settings in MSPCFO, specifically related to onboarding and data accuracy for reporting purposes. Here is a summary of what is included in the guide:

1. Importance of Health Checks: Health checks are crucial for maintaining data integrity and ensuring accurate reports. ​ They identify potential gaps or inconsistencies in your data, with status indicators to show if issues exist and guidance on how to resolve them. ​
2. Lookup Tables: These tables are essential for tailoring data to reflect business operations accurately. ​ Key tables include Aggregate, Agreement Types, Billing Cycles, Configuration List, and Products, each impacting various aspects of reporting and data accuracy.
3. Differentiating Revenue Between Labor and Product: MSPCFO’s methodology helps distinguish between labor and product revenue in fixed fee agreements, providing deeper insights into service profitability and aiding in fine-tuning pricing strategies. ​
4. Ensuring Members Log All Their Time: Accurate time logging is vital for understanding utilization and productivity. ​ Incomplete logs can skew reports and lead to underestimated labor costs, overstating profitability and misleading strategic decisions. ​
5. Adjusting Time Logging Against Agreements: Properly logging time against specific agreements ensures members receive appropriate revenue credit, optimizing staffing strategies and enhancing business performance. ​ Adjustments in the Lookup/Options table may be recommended based on data analysis. ​

Click on the link below to download a PDF of the guide: