overhead changes

The question that seems to be popping up the most this week has been the topic of overheads. For many firms we have new overhead rates that are affecting their previous invoices in CARS. Those old provisional rates have now been updated with the new rate, making the previous paid amount and the amount incurred costs not equal.

After you do your first invoice after this overhead change has occurred, you will be all trued up, as in, your costs incurred will equal the amount you have been paid.

If you have any questions about this, feel free to call me or go to this link to review answers from the Q&A session we held on June 23.

The link the firms in CARS is here.

The link to the CARS training videos is here.