The Top 3 Concepts Every AEC Project Accountant Should Know
If you don’t have profitable projects, you can’t have a profitable company – that’s what makes the Project Accountant’s role so important. With one foot in accounting and another foot in project management, these are the three main concepts every Project Accountant needs to know. Project Accountants need to speak two languages: accounting and project…
Read MoreCash vs. Accrual vs. Work in Progress Accounting: Which Is Best for AEC Firms?
Cash basis and accrual basis are two different methods of accounting. Each method tells a different story about revenue, but neither method gives the whole story – that’s where the work in progress (WIP) method comes in. It’s an important question: which accounting method is most effective at providing insight into your firm’s revenue? Some…
Read MoreIs Your Workplace Dope?
Are you creating a dope workplace? And by dope, I’m sure you’re wondering if the slang is being used as an adjective, as in: very good. Or if the reference is to the noun, meaning an illegal drug taken for recreational purposes. While the word ‘dope’ carries several meanings, it’s similarity to the word ‘dopamine’…
Read MoreMove Over Millennials, Introducing Generation Z
Just when you learned to spell Millennials without a spellchecker, there’s a new group emerging and entering the marketplace: Generation Z. Also known as Post-Millennials, the iGeneration, Founders, Plurals, or the Homeland Generation. While the definitive date of when this group starts is still up for debate, the litmus test is if they can clearly…
Read MoreFirst Comes Diversity, Then Comes Inclusion
In our micro-diverse society, many companies strive to mirror their peers, their clients, and the world at large. Creating a diverse work environment hones in on the cultural mix of experiences and acumens that team members bring. But after you’ve onboard this diverse community of talents, then what? The path to excellence I’m sure we…
Read MoreCreating a Culture Mix of Extrinsic and Intrinsic Motivation – And Who is Responsible?
Let’s face it, there are countless articles in print and cyberspace that gives insight to the growing concern of tenure and turn-over. So, what really motivates employees to stay? Companies are adopting and promoting their extrinsic rewards as a reason to ‘work here’. Great pay, great healthcare, flexible spending accounts. Some companies have expanded their…
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