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 […]
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 […]
My Simple Financial Projection Calculator
At the beginning of each new year, along with my annual goals and business plan, I review my firm’s financials. I look at where we’ve been over the past 12 months and I prepare a projection to plan for the year ahead. Several years ago, I developed a Google Docs spreadsheet to calculate my projections. No […]
Financial Statements for Architects
Without any education in business basics, architects rarely understand the fundamentals of business success. Some months we have money left over and other months we struggle to pay each bill. For years, I ran my business with no real understanding of how to end each month with a profit. Seven years into owning our own […]