Episode 10 – Paddy Gahan
7 Tips To Manage Cashflow In Construction
How can I better manage cashflow in construction? What can I do different in my business?
In this weeks episode of the LiveCosts Construction Experience, we have Paddy Gahan in studio, who shares his top 7 tips to help construction companies better manage their cashflow.
Paddy helps construction companies increase profits, save tax and accelerate their cash flow.
Tip 1) Agree terms & dates in writing.
Tip 2) Get a payment upfront.
Tip 3) Invoice immediately. (Read more about invoicing here)
Tip 4) A tip for Xero users – statements.
Tip 5) Another tip for Xero users – add on.
Tip 6) Maximise your supplier credit.
Tip 7) Weekly updated cashflows.