Vitruvian Principles Applied to Firm Management

Participants earn 1 AIA LU for participating in this webinar.

Commodity, Firmness and Delight of Project Accounting

Simply uttering the word “accounting” can make the eyes of an architect glaze over in boredom. However, for a profession that should appreciate the benefits of data, the beauty of organization, the importance of analysis, and the value of truth, accounting is the gateway to every firm’s success.

This session will expose you to the remarkable benefits your firm will experience by implementing a system that enables project accounting. These tools begin by helping you identify project profitability, but the benefits ripple outwards. Not only will you be able to identify where your firm makes or loses money, but you will learn which employees, partners, project managers, project types and even which activities bring you the most profit.

Having access to this information will inform your business strategy, enable you to predict short and long-term growth, and it has the potential to inform every decision you make, at every level of the firm.

Learning Objectives:

• Learn how easy it can be to implement project accounting tools for your firm
• See the KPIs (Key Performance Indicators) that every firm should monitor
• See the relationship between project budgeting, scheduling, time and expense tracking and invoicing come alive in an integrated, cloud-native solution
• See how a properly configured Chart of Accounts can enhance your profitability