What is capacity planning?
Capacity planning is the process of organizing your resources to ensure you can meet the demands of your workload efficiently.
Capacity planning can help you:
- Understand your team’s capacity and prevent overloading
- Assign tasks to the right people at the right time, ensuring smooth workflows and optimal use of resources
- Anticipate future needs and make informed decisions about staffing, budgeting, and project timelines
Use capacity planning to:
- Track how much time different tasks typically take
- See how many projects each team member can handle at a time
- Predict how long new projects will take based on prior data
How is TaxDome’s Capacity planning better than my spreadsheets?
Using Capacity planning in TaxDome, you can do more for your business than you can via spreadsheets:
- Record as much data as you need and update it automatically
- Turn your data into informative reports with just a few clicks
- Automatically track valuable employee capacity stats
- Analyze whether you’re understaffed or overstaffed
- Prevent money loss by calculating realization rates per client, service, or employee
What types of reports can I create in TaxDome?
With Capacity planning, you can create the following reports:
- See whether you’re understaffed or overstaffed
- Calculate realization rate per client, service, and employee
- Track time variance to find out if you might lose money because the actual completion time is bigger than the estimate
- Set alerts on certain metrics
How can I increase my firm’s profitability with TaxDome?
With Capacity planning, you can ensure you manage your time efficiently, which will increase your profitability:
- Calculate time spent on jobs in advance based on previous projects’ data
- Ensure an even workload distribution to prevent staff idling or burnout
- Calculate budgets and assign team members accordingly
