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438: Key Financial Metrics for an Architecture Firm with Hugh Glazer

Business of Architecture Podcast

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Bookkeeping and Accounting for an Architectural Practice Isn't Rocket Science, but It's Complex

Bookkeeping and accounting for an architectural practice isn't complicated in the sense of, you know, we like to always use the expression, it's not rocket science. But there is a complexity that's different to it than most other kinds of non professional services business. Every billing or income transaction is theoretically related to a time charge - every time an hour of time is worked,. There's a fee, income related component to it. And there's a cost payroll related component toIt. It takes a little mile for them to get trained and appreciate the nuances of that.

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