PROFESSIONAL BUILDER SECRETS PODCAST

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

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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

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

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

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.

connect with

Peter

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.

connect with

Chris