JLC • MAY 1994 It's been said that you have to spend money to make money. But you can't spend money until you've collected it, and timely collection requires good communication between bookkeeping and production. If you do both in your company, you have less of a problem than companies in which one person runs the jobs while another bills for them. But in both cases, the left hand has to know what the right hand is doing. To collect money from clients, many builders use a draw schedule based on progress payments, such as "down payment," "start of work," and "start of roof." With only one job on the boards, you're
