Fixing Your Construction Accounts Payable - A Case Study

Contractor Success Forum

Could your process for paying other people sabotage your cash flow? Can streamlining your payables process lead to better job costing and faster billing? What does paying people have to do with collecting your own money? You might be surprised what a difference it can make when you fix those problems. Let's talk about it.
Topics we cover in this episode include:

• How does paying people affect your cash flow?
• Why the accounts payable process is more complex for construction
• What is the true cost to get one accounts payable invoice out the door?
• Differences between a traditional company aond construction accounts payable
• The importance of a good accounts payable system
• One billing mistake that could be wrecking your cash flow
• 10 quick tips to consider if you're fixing your accounts

LINKS
Visit the episode page at https://CarpenterCPAs.com/accountspayable for more details and a transcript of the show.

Find all episodes and related links at ContractorSuccessForum.com.
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Wade Carpenter, CPA, CGMA | CarpenterCPAs.com
Stephen Brown, Bonding Expert | SuretyAnswers.com

Chapters

1. Fixing Your Construction Accounts Payable - A Case Study (00:00:00)

2. How does paying people affect your cash flow? (00:00:40)

3. Why the accounts payable process is more complex for construction (00:06:23)

4. What is the true cost to get one accounts payable invoice out the door? (00:08:05)

5. Differences between a traditional company aond construction accounts payable (00:10:14)

6. The importance of a good accounts payable system (00:15:20)

7. One billing mistake that could be wrecking your cash flow (00:18:46)

8. 10 quick tips to consider if you're fixing your accounts (00:23:41)