FREE DOWNLOAD: Debt Collection for Tradies   

ABOUT THIS EPISODE 
In this episode of the Lifestyle Tradie podcast, Andy and Ange tackle one of the most critical issues facing trade business owners today: debt collection. Unpaid bills and outstanding invoices can cripple your cash flow and create unnecessary stress. Tune in as they share actionable steps and strategies to ensure you get paid quickly and efficiently. 

Key Strategies and Insights: 

• Immediate Invoicing: 
• Send invoices the same day the job is completed to maintain cash flow and leverage. 🚀 
• Specific due dates instead of generic terms like "7-day account" to create urgency. 📅 
• Use of Technology: 
• Leverage job management software to track and send invoices promptly. 🛠️ 
• Introduction to Xero's new AI-powered assistant, JAX, which helps streamline invoicing and follow-ups. 🤖 
• Accounts Receivable Report: 
• Print and reconcile your AR report regularly to keep track of outstanding payments. 🧾 
• Address discrepancies immediately to ensure accuracy and efficiency. ✅ 
• Consistent Follow-Ups: 
• Establish a weekly debt collection process with regular touchpoints such as emails, calls, and SMS reminders. 📞 
• Document every interaction and use tools like Asana for tracking follow-up tasks. 📝 
• Delegation and Automation: 
• Consider delegating debt collection tasks to a team member or automating the process with software. 🔄 
• For persistent debt issues, outsource to a professional debt collection agency. 🏢 

Want Andy to look at your business? 

Book a free strategy call and he’ll give you tailored advice ... and provide you with clarity and direction to smash out what you need to do right now to help you create the lifestyle and freedom you deserve. Details here. 

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