Matt Calvano

speaker

449 appearances 4 recordings 1 series first heard Dec 2024 last heard Jun 2025

Matt Calvano’s voice in public audio — every appearance, attributed to the second.

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This project, I'm $500,000 in the green or in the black.

I guess we should say the green.

I like the green better than the black.

I like the green.

The green's better.

$500,000.

But then if you're like, no, no, no, I care about updating my financials regularly.

You're making the adjustment.

That's going to go to some deferred revenue account or whatever on the balance sheet.

It's going to be removed from the P&L.

So in this case, your P&L actually does help you quite a bit because now you look at your project report and you're like, I made $500,000 this month.

Great.

You look at your P&L and you're like, actually, I've made no money this month.

This is my accurate, true view of my financials.

So back to this original question of like, why should I care about financials monthly?

This is a good example why, right?

I think on top of that, you also just made another argument for why, which is tax related, but we can kind of come back to that.

Okay.

Yeah.

I mean, I kind of am, I guess.

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