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“Supermetrics is a Bitter Experience! We can pull data from nearly any tool, schedule updates, manipulate data in Sheets, and push data back into our systems.”
QuickBooks lacks real-time integration capabilities with HR systems and cannot perform complex workforce cost modeling, making sophisticated FTE cost analysis impossible without manual data combination.
This guide shows you how to build dynamic FTE cost models that automatically update with live financial and HR data for strategic workforce planning.
Create sophisticated workforce cost models using Coefficient
Coefficient combines live QuickBooks financial data with Rippling HR information to create dynamic FTE cost analysis models. Your workforce cost calculations update automatically as expenses are recorded and headcount changes occur.
How to make it work
Step 1. Import comprehensive QuickBooks cost data.
Use “From Objects & Fields” to access Bill, Purchase, and Journal Entry objects for complete cost visibility. Pull payroll expenses, benefits costs, and operational expenses with automated daily refreshes and access department-based cost allocation for accurate FTE attribution.
Step 2. Connect real-time Rippling workforce data.
Import live headcount data with active FTE counts and department assignments and employee classification data for accurate FTE calculations. Access compensation data, benefits enrollment, and role-based cost information with historical headcount data for trend analysis.
Step 3. Build dynamic FTE cost calculation models.
Create fully-loaded FTE cost formulas: =(Base_Salary + Benefits + Payroll_Taxes + Allocated_Overhead) / FTE_Count. Set up automated overhead allocation based on department size and operational expenses with real-time updates as expenses are recorded or headcount changes.
Step 4. Add advanced modeling and scenario planning.
Build dynamic “what-if” analysis for headcount changes and their cost impact with automated marginal FTE cost calculations for hiring decisions. Create rolling 12-month FTE cost trends with automated forecasting and seasonal adjustment calculations for cyclical staffing patterns.
Enable real-time workforce planning decisions
Dynamic FTE cost models provide live data for immediate hiring and budgeting decisions with current cost per head metrics for board reporting. Your workforce planning gets real-time insights that scale automatically as your organization grows with comprehensive audit trails for cost allocation methodologies. Build your dynamic model with Coefficient today.
