An FM’s Guide to Accounting: Ledgers and Journals

An FM’s Guide to Accounting: Ledgers and Journals

Continuing on with our FM's Guide to Accounting series, this week will cover ledgers and journals.  Again, understanding the basics of financial accounting is a great tool for facility managers throughout all industries.  By knowing how money is allocated, tracked,...

An FM’s Intro to Accounting

An FM’s Intro to Accounting

An FM's Intro to Accounting Do Facility Managers need to be CPAs?  Heck no.  However, I will argue to my grave that we need to have a basic understanding of both managerial and financial accounting.  This will not only give you a better understanding of your...

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Financial Accounting vs. Managerial Accounting

Financial Accounting vs. Managerial Accounting

Understanding business finance is key to making a big impact as a facility manager.  I know FMs that have mastered this skill and I know those that haven't.  Those that know - capture more dollars, are more effective at utilizing their budgets, and can argue for...

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