At Setpoint, we measure percent complete by labor only. We evaluate how much labor was spent on a project every week and then we estimate labor required to complete the work and use labor only…
Revenue Recognition in Managing Projects
Why does the huddle work at Setpoint Systems?
Setpoint Systems is an open book company. This means that our books are open to our employees. The weekly tracking process happens on a big white board where projects are measured for material costs and…
Cash Flow Traps
Your company just received a 50% down payment on a project but just because you have a positive balance in your checking account, does not mean you have money to spend. Ask yourself how long…
Bookkeeping
For the first 6 months I focused on getting every vendor paid and the problem invoices fixed so that now we do not have any outstanding problem invoices. Some of the problems when I first…
Open Book Finance - Setpoint's Projects Board
In our latest YouTube video Joe walks through our project board that let’s us know how we are doing on each project.