Some products - such as concrete can not be re-sold to another customer if the intended one decides not to pay...it's not possible to collect it or accept a return.
Gates or furniture made to exact specifications can not always be re-sold to another customer as they are too bespoke to simply be re-packaged.
There is also the question of cashflow - if your business has to purchase materials in advance, it can be too much pressure on cashflow if the customer pays at the end of the task. It can be important to send invoices for stage payments. That way the customer pays in advance for materials bought in.
With regards to bookkeeping we are in a similar situation, we can not take our time back and so we are moving towards billing at the start of the month like the phone and utility companies do. This means if necessary, money can be returned to the client however time can never be given back so it is a better fit for our business.
If you need help to get those invoices out to customers, to keep the cashflow under control, give BW Bookkeeping a call to see if we are a good fit to work together.
6 Keats Court,
Eaton Ford,
St Neots,
Cambridgeshire,
PE19 7LX
07825 152951
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Registered in England and Wales - Registered Office: Staple House 5, Eleanors Cross, Dunstable, Bedfordshire, England, LU6 1SU
We have been a client of BW Bookkeeping since 2017 and rely on them for a range of services. They helped us change from a sole trader to a limited company and handle all our banking and VAT.
Mason Grab Hire Ltd, Aston Clinton
I learned more about how to direct my business in 20 minutes talking to Jen at BW Bookkeeping than in 4 years of meetings with my accountant.
Rob L, Aston Clinton
BW Bookkeeping is a breath of fresh air in the accounting sector. Supporting our businesses with skill and focus. Allowing management to to run the day to day projects and not be snowed under with delivery notes , wages and tax. The suggestions and input Jen and the team have implemented over our company are simple but brilliant as all the best ideas are. We love collaboration with BW Bookkeeping to support us in, not only running the day to day company but also building our buisness.
Joseph Walsh, St Neots