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May 31 2021

The Seven Most Common Bookkeeping Mistakes Made by Small Firm Architects

By Kimberly Burgraff, Director of Studio Services Bookkeeping (A Division of Charrette Venture Group) I’ve sorted through a lot of messy books in the 17 years that I’ve been in the accounting industry. It’s completely understandable that non-bookkeepers struggle with accounting best practices. How would an architect know that supplies purchased for a project shouldn’t […]

Written by Kimberly Burgraff · Categorized: Business, Finances · Tagged: finance, finances, financial, financial management, Financial Management for Architects, Financial Planning, financial reports, Financial Statements

Oct 23 2018

The EntreArchitect Profit Challenge

A Quick & Dirty Version You have read this from me before here at EntreArchitect Blog… Profit, Then Art. Build a profitable business and you’ll have the time and resources to do the work you love. You will be happier. You will be less stressed. You will have stronger relationships with your family and friends. Money […]

Written by Mark R. LePage · Categorized: Business · Tagged: financial management, Profit, profit plan, Video

Aug 14 2018

How To Budget Your Architecture Project Fee

Project Fee Budgeting for Architects Sadly, there’s no way for an architect to guarantee their projects will be profitable, let alone earn a minimum 20% Net Profit at the completion of any project. There are however ‘best practices’ to apply to ensure that a project is profitable and to even successfully earn a minimum Net […]

Written by Mark R. LePage · Categorized: Business · Tagged: accounting, Architecture Fees, fees, finance, financial management, Project Fee Budgeting, Project Management

Jul 10 2018

Financial Investing for Your Future (Transcript)

This is the transcript from EntreArchitect Podcast Episode 227, Financial Investing for Your Future. Listen to this podcast episode or download the audio file here. ***Start Transcript*** Mark R. LePage:            Do you know if your firm is profitable? Do you know how much profit you’re actually making? Do you? Do you know how much profit […]

Written by Sarah Rowe · Categorized: Transcripts, Uncategorized · Tagged: Architect, Architecture, Business, Design, development, finance, finances, financial, financial freedom, financial management, invest, investing, investments, Profit, Success

May 08 2018

Three Financial Basics
Every
Entrepreneur Architect
MUST Understand

Financial Management Terminology for Architects For many design professionals the subject of Financial Management is complex and can become problematic if the terminology used in the discussion or writing of this subject are not precise. For clarity, the term, Financial Management, refers to the accrual-basis accounting process of a professional design firm. Accrual-basis accounting is […]

Written by Mark R. LePage · Categorized: Business · Tagged: accounting, bookkeeping, business basics, financial management, Financial Management for Architects, financial terms

Feb 13 2018

How Project Accounting Will Transform Your Architecture Firm

Take the Time to Examine Project Financials—You Won’t Regret It Your projects have many moving parts, and sometimes tracking their financials might seem overwhelming. You might not get all the information you want or maybe, you don’t even bother to determine the profitability of each project because it would involve too much time. It’s completely […]

Written by Mark R. LePage · Categorized: Business · Tagged: accounting, cloud-based software, financial management, project accounting, Project Management, software

Dec 26 2017

10 Ways An Architect Can Make More Money

This is an edited repost from deep in the archives. Originally published on the week of this blog’s relaunch on December 12, 2012, this article has been the most popular week in, week out. Leave a comment below or post your thoughts over that The EntreArchitect Community Facebook Group and share your tips and tricks. How […]

Written by Mark R. LePage · Categorized: Business · Tagged: additional services, fees, financial management, money, Profit

Nov 28 2017

How To Measure Your Financial Performance as an Architect

 The material for preparing an annual budget, an annual profit plan, developing project fee budgets, and calculating billing rates—is the stuff of financial planning. Each is a type of forecast that serves as a benchmark for financial management. Annual profit plans and annual budgets are your firm’s financial goals expressed in dollars—your vision of what […]

Written by Mark R. LePage · Categorized: Business · Tagged: financial management, key financial performance indicators

Sep 05 2017

Putting First Things First for Balance & Prosperity

How To Get To The Business of Your Business In a recent conversation with a professional colleague who is a small firm practitioner (3 people total), he expressed his frustration with not being able to get to the ‘business of his business’. The demands of clients and project activities, plus other daily priorities leaves precious […]

Written by Mark R. LePage · Categorized: Business · Tagged: Business Systems, chart of accounts, financial management, first things first, time tracking

Aug 22 2017

The Financial Chart of Accounts for Architects

This is a guest post written by Steve L. Wintner, AIA, Emeritus, an architecture management consultant and co-author of the book, Financial Management for Design Professionals: The Path to Profitability. To learn more about Steve, his firm Management Consulting Services or to dive deeper into the subject that Steve is sharing with us here at EntreArchitect, visit his website […]

Written by Mark R. LePage · Categorized: Business · Tagged: chart of accounts, financial management, p2p format

Aug 01 2017

A Financial Management System for Architects

This is a guest post written by Steve L. Wintner, AIA, Emeritus, an architecture management consultant and co-author of the book, Financial Management for Design Professionals: The Path to Profitability. To learn more about Steve, his firm Management Consulting Services or to dive deeper into the subject that Steve is sharing with us here at EntreArchitect, visit his website […]

Written by Mark R. LePage · Categorized: Business · Tagged: Business Systems, finance, financial management

May 23 2017

Bookkeeping Basics for Small Firm Architects

Helping Firms Embrace the Language of Business “Bookkeeping?!?! Psshh. It’s confusing, boring, and I don’t want to do it!” “I went to school for architecture, not business!” “Pencils I know, scales and tracing paper I know! Deciphering the client’s needs and wants? Bring it on! But bookkeeping?!?! What manner of evil is this?” These are […]

Written by Mark R. LePage · Categorized: Business · Tagged: bookkeeping, financial management, Financial Planning, Financial Statements

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