
Cash Flow is King…Don’t Carry Stacks of Service Invoices!
Things happen unexpectedly, nobody wakes up expecting that their truck engine will fail them today or that their transmission blows. Some good savers will have a sizable emergency fund for rainy days like this, however for most Canadian owner / operators end up having to drain their kids’ college funds, vacation funds, RRSPs, or hopefully rely on family to help out.
For the ones that don’t have the access to these emergency sources of funds, they rely on the repair shop to carry the cost on their books and to pay off that repair job over a period of months, sometimes up to a year. If you owned a truck repair shop, how many $20k – $30k service invoices can you carry concurrently? Let’s assume you have a very large and very successful repair shop and you can carry dozens of these invoices, maybe hundreds, what does this do for your cash flow?
There’s a simple solution for this, let Money in Motion help! Money in Motion can work with the client and pay you the full amount of the service invoice immediately so you don’t have to carry it on your books.
The process is very quick and simple, the next time you run into this situation and cannot or do not want to drain your cash flow and carry the invoice, give me a call.
I assure you that your customers will be happy having their truck repaired in a timely fashion so they can go can go back to work and you will be happy getting paid immediately for the work done.
-Jason Leung
Corporate Account Officer
Money In Motion
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