5 Steps to Accurate Hours Data

摘要

We constantly work to balance the cost of owning and operating our fleet with the revenue earned by charging jobs for the equipment they use. It occupies a large portion of every day. We worry about the cost side and struggle to bring it in line with our revenue so that we can "break even." Yet we seem to worry less about the revenue side: How much do we charge for the hours, days or weeks worked by each and every unit in the fleet. Managing cost is critical, and I do not want to underplay the importance of analyzing expenditure to make sure it is in line with what you expect. You need to understand the "DNA" of your costs (see "The DNA of Equipment Costs," January 2014) and know what is going on so that you can take appropriate action. The budgeting process does, however, rely on comparing cost with revenue and, if you want to balance your books, you need to get revenue right. It is just as important as cost and should not be taken for granted.