Six Peak Monthly Finance
Last meeting: 2026-04-28 — Six Peak Monthly Finance call
Meeting Summary
2026-04-28 — Six Peak Monthly Finance call
- The meeting reviewed monthly finance operations, tool integrations, and project billing to align reporting, forecasts, and budget categories.
- The team demoed Six Peak Cloud and a PowerPoint plugin for standardized deliverables and agreed to use the projection portal so monthly financials automatically update forecasts and produce variance analyses.
- Progress on Yardi integration and accounts payable automation was discussed: Alina's AP work should reduce manual entry and Jonah will define required Yardi data flows and permissions.
- Payroll modeling was clarified — base salary, bonuses, and employer payroll tax (~7%) sit in the salary line — and the group agreed to standardize a payroll burden assumption of roughly 15% with supporting detail to be shared.
- Expense coding and job-level charge allocation options were debated, including separate cards per job or issuer sub-cards for easier classification.
- Because project starts shifted and categories need alignment with Yardi, the team agreed to delay a formal budget revision until Chris Aiello integrates the 3/31 numbers and re-categorizes expenses to Yardi codes to align the budget to the pro forma.
- The meeting also addressed Francis billing: $175K in pre-construction billing exists but only $77K has been billed and invoices remain unentered; the team will finalize pre-con invoices and accrue revenue so payables and internal payments can be calculated.
- Internal project budgets will be updated for buyouts and actuals, with a follow-up to implement a mock Ramsgate adjustment and prepare backup for MRK's cost review through October.
Action Items
From 2026-04-28
No action items remaining.
Files Referenced
Needed to keep moving
No files referenced.
To-Dos
Active this month
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Chris Andresen Chris Andresen will meet with Eric and Jonah in the office next Thursday to work on Yardi integration and data mapping from action item
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Chris Aiello Chris Aiello will create a control version in Six Peak Cloud to integrate actuals into the projection portal and enable collaborative updates from action item
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Chris Andresen Chris Andresen will send Grady the historical payroll-loading details used in the March board forecast from action item
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Chris Andresen Chris Andresen will adjust the forecast to better allocate miscellaneous credit-card and job-related expenses as discussed from action item
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Grady Lakamp Grady Lakamp will code credit-card transactions to jobs if a drop-dead deadline is provided from action item
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Chris Aiello Chris Aiello will research corporate card options that support sub-cards for job/user-level expense separation and report back from action item
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Chris Aiello Chris Aiello will integrate the 3/31 numbers into the projection and re-map expense categories to Yardi codes for the next month's call from action item
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Grady Lakamp Grady Lakamp will provide completed pre-construction invoices to Robert for entry and accrual from action item
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Chris Andresen Chris Andresen will compile and deliver Francis backup through October to MRK for the upcoming cost review from action item
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Chris Andresen Chris Andresen will schedule a follow-up call with Pedro to confirm the process for updating internal budgets to reflect buyouts and actual costs from action item
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Chris Andresen Chris Andresen will run a mock budget adjustment on Ramsgate with Grady to demonstrate the internal change process from action item
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Chris Andresen Chris Andresen will update the Delros entry in the consolidated file from action item
Goals
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