Want to eliminate a lot of stress? Invoice and review A/R & A/P reports on a weekly basis with your team. Too often I speak with owners who have completed a lot of work but haven’t invoiced or collected on those projects and find themselves in a cash flow crunch.
If you review the following items weekly you will always have a clear understanding of where you sit financially. Waiting too long to invoice, or to follow-up on outstanding invoices can often result in the final payment never being collected, since many owners feel awkward trying to collect on a job that’s been completed for a long time.
Weekly Accounts Payable/ Receivable Checklist:
Do you avoid reviewing AP and AR because you’re not good at numbers and prefer to do something more “hands on”? Though it may not be the fun part of business, it is absolutely essential. Needing help is not a bad thing - it’s what I’m here for.
Click HERE and let’s schedule a call to walk through the basics.
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