In the Arms - cash jobs

[LPC]

In a totally hypothetical situation that has no bearing or relation to me at all in any way:

You would buy all materials through your business account. Everything.

Any 'cash' you happen to find would be spent on things completely unrelated to your business and are generally consumable and non-traceable: food/clothes/small luxuries etc etc.

Obv you have to be pretty busy and putting lots of invoices through etc. You can't be buying 10k materials in a period and only turning over 3k in same period......

 

[villa_tom]

You mean you help your mates out for free and they "gift" you some cash

Thats what I meant to say 😉

 

[rocketmanbkk]

In a totally hypothetical situation that has no bearing or relation to me at all in any way:

You would buy all materials through your business account. Everything.

Any 'cash' you happen to find would be spent on things completely unrelated to your business and are generally consumable and non-traceable: food/clothes/small luxuries etc etc.

Obv you have to be pretty busy and putting lots of invoices through etc. You can't be buying 10k materials in a period and only turning over 3k in same period......

I agree with that. It's what I've been told to do if I ever took cash which would be nice.

 

[hammers4spanner]

If i get paid cash for a job then i separate cash for materials and labour cash after each job .

End of day cash labour goes into its own envelope and material cash goes into another envelope.

end of week all labour cash gets separated by tax cash ,labour after tax cash gets cashed into the bank passing over the cash , tax cash then gets cashed into another cash account so can pay cash to tax man so he gets his cash .

Material cash then awaits for invoice so can do cash payment then goto suppliers to pay cash for invoice , they count cash , i concur correct amount of cash, they cash the cash then repeat my cash cycle .

so its all about the cash

 

[IDCHAPPY]

If i get paid cash for a job then i separate cash for materials and labour cash after each job .

End of day cash labour goes into its own envelope and material cash goes into another envelope.

end of week all labour cash gets separated by tax cash ,labour after tax cash gets cashed into the bank passing over the cash , tax cash then gets cashed into another cash account so can pay cash to tax man so he gets his cash .

Material cash then awaits for invoice so can do cash payment then goto suppliers to pay cash for invoice , they count cash , i concur correct amount of cash, they cash the cash then repeat my cash cycle .

so its all about the cash

I lost you at the second line mate :lol: