PROFESSIONAL BUILDER SECRETS PODCAST

Episode 99: Accurate Financial Reporting With Peter Olejniczak & Chris Anderson

It's all about understanding your financial health and profitability... knowing how profitable you are is key to making informed decisions.

Professional Builders Secrets brings you an exclusive episode with Chris Anderson and Peter Olejniczak from Monthend, an accounting firm for construction pros in Minneapolis, Minnesota. In this episode, Chris and Peter discuss the complex intricacies of running a profitable building company and creating accurate financial reports.

Inside episode 99 you will discover

  • Why profitability in the construction industry is a unique proposition
  • What the Work In Progress Accounting Adjustment (WIPAA) is and why it’s important
  • How often you should report on WIPAA
  • The consequences of inaccurately reporting WIPAA
  • The secret tool that building company owners use for financial reporting is saving them hours every week
  • And much, much more.

key moments

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  • 1:13 How Monthend got started
  • 7:13 Why builders are using financial management software
  • 11:25 What are builders aiming for, and is it achievable?
  • 14:23 Why financial health in the construction industry is so unique
  • 20:54 How Monthend simplifies financials
  • 25:29 How often should you update your financial reports

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key moments

  • 1:13 How Monthend got started
  • 7:13 Why builders are using financial management software
  • 11:25 What are builders aiming for, and is it achievable?
  • 14:23 Why financial health in the construction industry is so unique
  • 20:54 How Monthend simplifies financials
  • 25:29 How often should you update your financial reports

Heading

Peter is a Director at Monthend and a professional cyclist. He specializes in the financial needs of construction companies and has extensive experience in process implementation and managerial accounting.

Chris Anderson is the Founder of Monthend. He is a finance and accounting pro focused on the service and software needs of construction firms. Prior to founding Monthend, Chris was CFO and partner of a $100 million company for 10 years and has helped many companies grow and thrive through careful planning, right-fit financing solutions, and meaningful analytics.

“A specialised podcast made just for the owners of custom home building companies. Extraordinary guests, valuable content and  amazing stories from other builders.”

Cheri K

5-star review on Apple Podcasts

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