Engineers will continue to face challenges in 2024 including rising material costs, inflation, supply chain volatility, and skilled-labor shortages, while still needing to respond quickly to customer demands. Speed and quality are the two top priorities that customers expect from their engineering and construction partners. To meet these demands, engineering firms must invest in Industry…
Closing the fiscal year is a task generally performed after your auditor has received your trial balance, and perhaps after they’ve returned adjustments. There’s no requirement that the fiscal year be closed at a specific time, but once it’s done, you can’t reopen it or adjust the accounting periods. Follow these steps to close the…
Since the role of an architect is inherently creative, it is hard to put a price on every dash. However, to keep utilization and billable hours high, architects need to understand how much what they’re designing will cost so that they’re not setting client expectations too high or having to fix blueprints later. Homegrown or…