In running a construction company, getting paid on time is one of the biggest challenges. If an invoice isn't paid on time, it will seriously affect your cash flow and increase your stress levels.
It is always important to maintain adequate cash flow in any field, but it is especially important in the construction industry, where large project costs often have to be floated.
The construction industry's complex payment processing makes this issue an intractable one, as there are many reasons invoices go unpaid or are paid late.
By putting in place processes or fine-tuning your existing ones, you can prevent late payments. Let's find out ten ways to overcome them.
If you meet problems in getting paid for your construction projects, Irvine Bookkeeping could support you to figure out why. Find out more by contacting us today! Call Irvine Bookkeeping now for a Free Quote!
Irvine Bookkeeping offers a full range of law firm bookkeeping services and promises that in 2-3 weeks, we clean up a whole book for you to prepare for tax seasons. We believe knowing your company's financial health is the key to maintaining control of your business.
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