Tim Savre
speaker
155 appearances
1 recordings
1 series
first heard Feb 2025
last heard Feb 2025
Tim Savre’s voice in public audio — every appearance, attributed to the second.
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Appearances
That's not good business.
You don't want to be doing that.
So.
Yeah.
Throughout the year, we want to be doing the financials monthly so you can make smart business decisions.
Yes, at the end of the year, if you're doing it all along, it's going to make it easier to send off that tax return.
But if you just wait until the end of the year and do it, then I don't know how you're making management decisions throughout the process.
So, yeah.
Yeah.
So, I mean,
to talk directly about that on your whip, if you see that you're under billed, that should be a red flag right away that says, Hey, we need to create an invoice.
Why are we under billed on this project?
Why have we spent more money than we've invoiced?
You know, of course, like a little bit is one thing, but if we're more than 5% under billed, some something's going wrong.
Like we, there were not timely entering receipts.
We're not invoicing timely.
Like there's an error there and we need to fix it, or we need to take a bigger deposit upfront.
And if that deposit upfront is as big or bigger than what one of your invoices should be on your monthly cadence or bi-monthly cadence, then you're gonna make sure that you're always covering those expenses before they would add up to be more than the deposit and you'd invoice again.
if that makes sense.
So I think I see a lot of builders making that mistake of not taking a big enough deposit where right at the end of the month before the invoice, they're actually under billed.
Showing 61–80 of 155 · page 4 of 8
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