Blog category

Financial Health

Sharpen your Staedlers. Let's go back to basics.

Guide to Earned Value Management for Architects

Earned Value Management is a useful financial technique to keep control of your project's budget and schedule.

9 Best Practices for Invoicing

Have you ever hit a roadblock with a client due to invoice issues? Don’t worry. By following these 9 best practices for invoicing, they can be avoided.

Financial Health

Guide to Financial Management for Architecture Firms

Part of being a successful architect – a big part – is financial management. Managing your firm’s finances means managing a delicate balance between your expenses and your revenue.

Financial Health

Guide to Invoicing for Architects

How to manage your cashflow to run a successful, profitable architecture firm.

Financial Health

Guide to Professional Liability Insurance

Professional liability insurance will be your saving grace when things go south with a client – or even when someone comes out of left field with a bogus claim. Protect yourself: learn why you need it, how to get it, and how to use it.

Financial Health

Guide to Recession Planning for Firms

Take control of your future and plan for the next cyclical downturn with our guide to recession planning.

Financial Health

6 Steps to Calculate Hourly Billing Rate for Architects

Don’t know how to charge the right hourly billing rate as an architect? In this guide, we will show you the 6 steps to calculate hourly fee to be profitable.

Financial Health

10 Key Financial Performance Indicators for Architecture Firms to Increase Profitability

Architecture firms have to maintain a healthy financial balance. Here are the 10 Key Financial Performance Indicators you should measure.

Financial Health

7 Steps to Make Your Architecture Firm Profitable

Looking to make your architecture firm more profitable? Here are 7 actionable steps to move the needle in the right direction.

Financial Health

R&D Tax Credits for Architects

This updated guide covers all you need to know about claiming the R&D tax credit for architects. Find out how to claim this tax incentive without doing extra work.

Financial Health

What is Profit Planning?

This short guide will help you understand what profit planning is and why it is important for your architecture firm.

Financial Health

How to Read a Profit & Loss Statement

The Profit & Loss statement is one of the fundamental financial forms of all businesses including architecture firms. This report takes a snapshot of the financial information for a set period of time, typically on a monthly, quarterly or annual basis. It is important for all firm owners and those considering starting their own firm to understand what this report is and how to read one.

Financial Health

12 Recession-Proof Secrets from A/E Industry Leaders

Economic downturns are inevitable. How can architecture and engineering firms ensure they remain resilient during challenging times? Let's explore.

Financial Health

How To Double Profit at your A&E Firm in 2024

Increasing profit is often overcomplicated by endless spreadsheets, profit and loss statements, and other financial reports. The truth is that increasing profit is a simple math problem.

Financial Health

Architecture Business Benchmarks: Understanding and Improving Utilization Rates

This article breaks down benchmarks for Utilization Rates in architecture firms using accurate and reliable first-party data from Monograph's Architecture Business Benchmarks Report.

Financial Health

Architecture Business Benchmarks: Understanding and Increasing Net Revenue per Full-Time Equivalent

In this guide, you'll compare revenue metrics across a range of firms, learn what puts high performers in the lead, and receive comprehensive, actionable measures to enhance your architecture firm's Net Revenue per FTE.

Financial Health

Architecture Business Benchmarks: Understanding and Improving Net Cost per Full-Time Equivalent

The Net Cost per Full-Time Equivalent (FTE) is an essential measure of how effectively firms manage resources. It provides you with a deeper understanding of your firm's financial efficiency and can help shape your strategies moving forward.

Financial Health

Architecture Business Benchmarks: Understanding and Improving Realization Rate

This guide aims to summarize details and demystify the concept of Realization Rate for architects and business managers alike. We'll explore what it means, how it's calculated, and why it's a critical component of your firm's financial strategy.

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