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Financials

Step-by-step guides for financials in Monument.

  1. 1How Monument models finance VideoSee the finance model behind every stage: revenue and expense lists, with profit as the gap between them.
  2. 2Fixed fees VideoHide the hours-based revenue a stage earns by default and replace it with an agreed lump sum, without losing the ability to check your margin against it.
  3. 3Budgeting costs VideoA fee tells you what a stage earns, not what it costs to deliver. Plan expense items on the cost side and watch profit fall out as the gap between the two.
  4. 4Recording expenses VideoLog a real cost with its date, project or planned-item link, amount, description, and optional tags.
  5. 5Revenue from resourcing VideoSee planned hours earn through a billing group, then deliberately assign the work to Sarah Chen and restamp it from her rates.
  6. 6Formula based pricing and construction cost VideoPrice a stage the way a lot of architecture fees actually work: as a percentage of the estimated construction cost, so the fee moves whenever that estimate does.
  7. 7Pricing templates VideoSave a configured project, its stages, role or pool resourcing, and pricing as a template, then start new projects from the same reusable plan.
  8. 8Operational expenses VideoTrack the studio's own recurring costs, rent, insurance, software, as versioned amounts that update cleanly when a price changes.
  9. 9Modifiers: contingencies and discounts VideoStack named adjustments on top of any fee's base value, like a contingency or a client discount, and read back exactly how each one changed the number.
  10. 10Recurring and periodic fees VideoPrice a retainer once with an amount and a frequency, and let the stage's own dates decide how many times that amount actually repeats.
  11. 11Progressive billing VideoCalculate a stage claim from a hidden Previous Claims driver so the formula bills only the new amount.
  12. 12Revenue from expenses VideoChoose whether to absorb an engineering subconsultant cost or charge it to the client with a visible management fee.