Good Practice Guide: Painless Financial Management

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Good Practice Guide: Painless Financial Management

£19.95

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Brian Pinder-Ayres

Format: Book
Pages: 112
Publisher: RIBA Publishing
Date Published: Feb 2008
Stock Code: 63509
ISBN: 9781859462898
Binding: Paperback

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Description

How can you keep up with the relentless costs of running a practice the monthly payroll, the rent, income tax, VAT and so on when your fee income is prone to so much unpredictable delay? How do you know if youll have enough cash to operate in six or twelve months time? Are you likely to make any profit? And how can you take care of the finances when youve got a building to design?

This book answers all of these and many other questions with straightforward advice and practical solutions based on years of hard-won experience. Written in a friendly, sympathetic style, it will give you the knowledge and tools you need to plan for business success.

The comprehensive guidance shows that effective financial management begins even before you start in practice and continues through to retirement. In between, chapters on project reporting, long- and short-term planning, credit control, and fee, resource and cash-flow forecasting explain the full range of tried-and-tested techniques. The concluding chapter examines the reasons why architects commonly go out of business, serving as a cautionary checklist of what to look out for.

By acknowledging the unique set of business challenges they face and offering easily-adopted solutions, this welcome book makes essential reading for all senior architects and those thinking of setting up in business.

For more information about all other guides in the series, please click here.

About the Author

Brian Pinder-Ayres

Brian Pinder-Ayres qualified as a chartered management accountant in 1984 while working with Mobil North Sea. He has held senior roles in finance with Polaroid, Braxton Associates (the strategy consulting arm of Deloittes) and a firm of specialist City solicitors. He worked for five years as a management consultant with chartered accountants Moores Rowland, during which time he specialised in advising professional firms on a wide variety of financial management issues.

He joined YRM architects just after their successful management buy-out in 1997 and established the finance function for the new business. In 2001 he took up his current role as Finance Director at architects and planners Shepheard Epstein & Hunter. He lectures regularly to Part 3 students on Finance in Architectural Practice at the Universities of Portsmouth and Cambridge and the South Bank in London.

Customer Reviews

Steven Pidwill

Date Reviewed: April 2011

This is an excellent book about a really important subject for any architectural practice, written in a lucid, plain English unpretentious style. Brian Pinder-Ayres has developed his ideas though hands-on experience at Shepheard Epstein Hunter and YRM, and explains how managing architectural finances has its own special issues. He describes a range of effective tools for keeping track of cash and minimising risk. Very good, and can be enjoyably read in one go in a few hours.