A contractor can finish the job, send the invoice and still wait weeks before the money reaches the bank account. Around Wee Waa, that can matter quickly. The town sits in one of Australia’s best-known cotton-growing regions, with wheat and rice also part of the local agricultural economy. Narrabri Shire Council identifies around 20 per
A business can have plenty of work on and still feel as though there is never enough cash in the account. Around Hamilton and Victoria’s Western District, sheep, beef and mixed farming support a wide range of contractors, livestock transport operators and agricultural service businesses. The work may already be completed. The invoice may already
Harvest can create an odd cashflow problem for the businesses working around it. The trucks are moving. Contractors are busy. Invoices are being raised. Revenue looks strong. But the money for work already completed may still be sitting with customers while diesel, wages, repairs, subcontractors and supplier accounts need to be paid now. For agricultural
The Work Is Done but the Money Hasn’t Landed Yet: Debtor Finance Around Northampton Read More »
The truck leaves Bonnyrigg and heads to Mudgee. The work is regular. You’ve secured a significant transport contract. You’re invoicing every week. The truck is earning money every week. But the customer pays every three weeks. That means while you’re waiting for the first payment, the truck still needs diesel. The driver still needs to
Your Truck Is Working Every Week. But You’re Waiting Three Weeks to Get Paid Read More »
The business is busy. Sales are strong. Your profit and loss statement doesn’t look bad. And when you open the aged receivables report, customers owe the business hundreds of thousands of dollars. So why does the bank account keep getting dangerously low? This is a situation growing businesses can encounter. You invoice the work today.
Your Debtor Ledger Is Growing. So Why Is There Never Enough Cash in the Bank? Read More »
