A Payment Application Will Help You With Your Cash Flow
from Solution Building Hosted by Mark Eastman
You’re a contractor, not a bank, so you shouldn’t have to finance your customer’s project while waiting to get paid. Gene has a signed proposal from Burford’s, but now he needs to figure out how to set up a payment plan. John walks him through the Payment Application, starting with the project information and then entering each item from the proposal. By breaking the large project price into smaller, clearly defined amounts, you can give your customer a better understanding of what they’re paying for while creating a more consistent payment process for your business.
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