This year we decided it was time to stop running our ponzie scheme! I am not talking about a Madoff job, but a real life accidental ponzie scheme. We are a professional services company that delivers web applications and web presence marketing for small to mid-sized business. Typically we build web sites and collect seventy five percent of the project cost upfront. This has always made the month that we recognized that revenue look very good! Go figure. Previously we did not have our project management software attached to our Netsuite billing, so we couldn't recognize revenue based on work completed. We ended up running multiple applications and about 5 offline spreadsheets. It was a perfect nightmare of systems! So what did we do…..we we decided to move our entire project tracking to Netsuite. It was the only software we could find that would releive us of this problem. I’ll keep you posted as we roll this out, but having already completed only a fraction of the project accounting rollout, we now have a much better view of our revenue. Ping me with any insight you have into your project tracking or if you had any similar ponzie programs going!