Ok all you landscaping pros and lawn care specialists. We know you’ve been busy this summer and yes, summer officially ended a few weeks ago but have you kept up on your billing or have you let it fall behind?
This is the time of the year when you may get a short break from the lawns before we really ramp up the yard cleanups for the fall. A perfect time to get caught up on things, most importantly, getting paid.
If you have not caught up on your late-paying and non-paying customers, it’s time to get a handle on this quickly. Soon enough, you’ll be up to your neck in leaves and branches and before you know it, plowing snow, hopefully, making some serious cash.
But if you’re not getting paid for what you do, you’ll be up to your neck in receivables and not cash, leaving you challenged to make payroll and take care of other responsibilities.
A couple quick tips;
Take time now to go through your books. Get some help if you need it and make sure you’re getting paid but even more so, make sure you sent the bill. I recently talked to a business owner that found out his people failed to send out thousands of dollars in invoices. You won’t get paid if you don’t ask for the money…
Get caught up and stay caught up. Don’t just take your downtime to button up your accounting. Once you clean up your books, keep them that way. Find out what’s not working and who’s not billing and fix those issues now.
Get Help. If you need a third-party collection agency to help you with accounts that are not paying, find one now. Whether it’s American Profit Recovery or other collection agencies, find one that knows your industry and get them working for you.
Find out why using a collection agency sooner in the process can build up your cash flow in the video below.