Long time ago I was helping manage a seismic crew that was working in the Amazon. I dutifully generated burn plots of expenses vs. budget. My manager came to me one day rather upset. My burn rate was about $1 million lower than what the accounting department was telling him. Our average monthly burn was about a million. I dug into it and that is when I learned that accountants post costs in the month received, and so in the previous month had basically posted two months worth. Hence the discrepancy. Lesson learned.
Long time ago I was helping manage a seismic crew that was working in the Amazon. I dutifully generated burn plots of expenses vs. budget. My manager came to me one day rather upset. My burn rate was about $1 million lower than what the accounting department was telling him. Our average monthly burn was about a million. I dug into it and that is when I learned that accountants post costs in the month received, and so in the previous month had basically posted two months worth. Hence the discrepancy. Lesson learned.