Practice Management Member Conversations

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  • 1.  Cash Flow - Expert Opinion Paper

    Posted 02-20-2011 04:36 PM
    You might try Steve Wintner's excellent book, Financial Management for Design Professionals, published by Kaplan AEC and available at Amazon and through the AIA bookstore for under $50.

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    Raymond Kogan AIA
    President
    Kogan & Company
    Arlington VA
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  • 2.  RE:Cash Flow - Expert Opinion Paper

    Posted 02-21-2011 11:00 AM
    I agree, Wintner's book is excellent.  In Chapter 11, he accurately describes my struggle forcing Qbooks into a project-based service industry.  Is there a better option out there for a 3 person firm?

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    Frank Karpowicz AIA
    Frank Karpowicz Architects, Inc.
    Wakefield RI
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  • 3.  RE:Cash Flow - Expert Opinion Paper

    Posted 02-22-2011 09:00 AM
    I agree that Zweig White is a good reference but would also recommend PSMJ as a resource.

    One writer as a part of this string suggests that accounting software can dictate overhead rates ... or multipliers?  Can you explain that more?  I guess I am not sure how the software has the ability to affect those rates.

    I can say that we made an effort to follow the industry averages a few years back in terms of annual budgeting and establishing revenue generation goals and have found that process to be successful.  Obviously there are many ways to skin a cat but if you follow some of those industry averages I think you will find things work out well. 

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    Jeffrey Ahl AIA
    JEO Consulting Group, Inc.
    Lincoln NE
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