At the end of a fiscal year, many firms look to recalculate their value. We’ve found that too many of them believe a change in valuation is something that happens to them rather than something they control and manage.
It’s become clear that the COVID-19 pandemic will have long-lasting effects on how architecture and engineering (A/E) firms operate. While some will go back to work in-office, many will continue to work remotely. Here’s how to manage the performance of staff working from home.
Most architecture and engineering (A/E) firm strategic plans address activities for the next 3-5 years. Trying to tie a budget to such long-range goals is challenging, yet it’s important to have some metrics to give your plan substance. But if you’re doing quarterly budgets, as we often suggest, how do you tie these two things together?
Beyond Forecasting: The Beauty of a Quarterly Rolling BudgetJanaury 18, 2021As architecture and engineering (A/E) firms get up to speed in the new year, one of management’s top priorities is creating a budget. Of course, that’ll be especially important and challenging after a year that was anything but normal and therefore can’t really be used […]
In our work with successful A/E firms, we’ve found that following these 10 rules are critical for effective accounting and financial management.
While developing and sticking to a budget is a common practice for business in many industries, that isn’t necessarily the case with architecture and engineering (A/E) firms. Yes, it’s true that sticking to a budget in the face of unexpected events can be hard. But that doesn’t mean that budgeting is a waste of time. Quite the opposite, actually.