kathleen.anderson
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kathleen.andersonParticipant
Hi Dali! Missed you in class today! It sounds like you had a crazy long meeting! Thank you for sending you invoice. We will enter invoices next week, and I will definately be using your invoice as an example. Looking forward to next Thursday!
Kkathleen.andersonParticipantThank you for sharing!
kathleen.andersonParticipantHi guys~
I just realized I’m not getting emailed as you all post here! I’ll start checking in now to catch these a bit better. @brooke.droptini let’s chat about this during class. Are you talking about refunds you might give to a client, or when you recieve a refund from a vendor?@katherine.kuperus, great question!
To create an account to use to record charitable contributions:Go to Settings ⚙, then Chart of accounts.
Select New.
In the Account dialog, select Expenses from the Account Type dropdown list.
Select Charitable Contributions from the Detail Type dropdown list.
Enter a Name for the account (for example, Charitable Contributions).
Select Save and Closekathleen.andersonParticipantHi there~ Always feel free to pipe up in class. The beautiful thing about acrual is the P&L works with invoives and bills entered, so entering bills allows us to show expenses in our system before they are actually due. =)
kathleen.andersonParticipantHi ladies~
I’m so sorry to hear you all were waiting for the class last week. I’m sure that was frustrating. I am excited to see everyone this week at our regularly scheduled time!kathleen.andersonParticipantI think we can solve this by making sure income goes to an income account and not as a cost of goods sold account. We will chat about it in class tomorrow! Bring screen shots if you are comfortable sharing.
kathleen.andersonParticipantI think we can solve this by making sure income goes to an income account and not as a cost of goods sold account. We will chat about it in class tomorrow! Bring screen shots if you are comfortable sharing.
kathleen.andersonParticipantHi there~
I’m curious about a couple of things. How are you recording income under COGS? I’m wondering if you might be comfortable sharing one of the journal entries she is making (you can blank out numbers, or just type out in long hand the accounts she is moving to/from).
kathleen.andersonParticipantHi~
I will often use a Bluebeam markup to indicate these last min changes. In residential, the change order request is often a simple email to the constractor with my bluebeam drawing attached. He responds back with the price for the change, and the client can be present with the data to approve from there.
The billing for your time on this would depend on the scope outlined with the client. For me, on a residential project, this would be included in the project managment time I estimate into a full service process.
kathleen.andersonParticipantGreat question =) You know, if you are wondering something, there is always someone else wondering and not asking. When I order product I ship it to a receiver who has a loading dock, process for inspection, and storage facility. The receiver also manages the white glove delivery to the client’s home.
kathleen.andersonParticipantKate, you can take that price as high as makes sense for your projects. In your area of the country and your specialty and with the detailed designs I imagine you providing, I would guess you could move your price up substantially. They key pieces are
-know the exact deliverables you provide (the level of detail, the historic research, the exact drawings and documents, the number of meetings and revisions–for your specialty, perhaps you include some amount of revision during the project management phase as things are uncovered during construction?)
-be really comfortable explaining your process. Think of anything else we sell in this business. A rug for instance. And how we can easily explain to a client why they should spend 10x the average price of a rug for a vintage, hand knotted wool piece from Turkey because we tell the story, talk about the durability, the texture, the process of construction and whatever else. This is the exact same way we would explain our services and what we bring to the table in a way that informs the client of all the value that comes from working with us and makes them happy to invest in an above average service for their home.kathleen.andersonParticipantCorrect!
kathleen.andersonParticipantLove this! I reached out to my contact and they are only doing larger commercial projects. I have found engineers through my network many times. Try asking contractor friends/colleages or architects! People are typically super happy to help!
kathleen.andersonParticipantAs you gain more experience, you will get a better feel for actually how long a project may take and you can build a more accuate estimate based on that instead of the amount of time predicted by the contractor. I find that contractors predict a shorter timeline than I believe the actual project may take 100% of the time. I will have a conversation with the client about that, and base my estimate on contruction managment upon my experienced guess.
kathleen.andersonParticipantThank you, Yahaira! Here is the whole folder link!
https://drive.google.com/drive/folders/1HQvA14JpEnlZqAUpnLNQdjDyxyC76yiM?usp=sharing -
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