Tyler Grace
speaker
689 appearances
1 recordings
1 series
first heard Sep 2025
last heard Sep 2025
Tyler Grace’s voice in public audio — every appearance, attributed to the second.
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Appearances
So day one, I have my deposit from securing the schedule, but then also I'm getting a check cut to me that's going to cover any two-week period of my highest exposure.
So if I have a sub on day two that comes in and he charges me $3,000, I cut him a check for $3,000 and that's backed out against the money that I took on day one.
If I go to Home Depot and I spend $363, that just gets tracked and that's backed out of what I got paid.
So at the end of my two weeks, I'm going and I'm looking at what everything costs for that two weeks, just tracking it on an Excel spreadsheet.
And that's what my invoice is for.
So then it restores all of those funds from day one when I got that check.
So I'm always ahead.
If there are extras, that gets paid within that two weeks.
So my highest exposure is day 10 workday, the second Friday, where I have two weeks worth of money that's gone out, but I'm still not in the red at all because I took for my highest exposure.
So all I'm doing is every two weeks, I'm just tracking...
who worked for me how many hours what i paid them what all of my expenses were for that project if we use stuff that was you know inventory that i had how much that cost and then subcontractors and what i paid them materials what got special order what i paid for them and then that's what i'm invoicing for and then that's restoring me back to day one so like
It's pretty simple.
It just would be more complicated if I was running three, four jobs or if I was depending on other people to make sure that they were tracking their costs.
It's me buying everything.
It's my credit cards that it's going on that I have a bookkeeper.
So it's pretty straightforward for me as far as invoicing and keeping track of everything.
It's just not that difficult with the amount of work that I do.
yeah yeah and how many projects do you do a year so i'm i think i'm right now i'm like a bit of an anomaly because i have so much of the social side of things that it's not my full-time job but when it
Yeah.
It is, but I also have other things that I'm doing that that's not the only way that I make money.
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