99. Accurate Financial Reporting With Peter Olejniczak & Chris Anderson

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. Listen to the full episode to learn how to improve financial reporting in your building company and increase profitability. Want to learn how to properly calculate your work in progress? Download the WIPAA Calculator Now go.associationofprofessionalbuilders.com/work-in-progress ABOUT CHRIS ANDERSON 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: linkedin.com/in/chrisandersonmonthendcpa/ ABOUT PETER OLEJNICZAK 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: linkedin.com/in/peter-olejniczak-71248969/ TIMELINE 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 LINKS, RESOURCES & MORE APB Website: associationofprofessionalbuilders.com APB Rewards: associationofprofessionalbuilders.com/rewards/ APB on Instagram: instagram.com/apbbuilders/ APB on Facebook: facebook.com/associationofprofessionalbuilders APB on YouTube: youtube.com/c/associationofprofessionalbuilders Join the Professional Builders Secrets Facebook group for builders & connect with professional builders world-wide: facebook.com/groups/builderssecrets