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The Pros and Cons of Overbilling
Manage episode 377478529 series 3314227
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Overbilling can be good for your cashflow, but it can also potentially cause problems if used in the wrong way. This week, we're breaking down the pros and cons of overbilling, and how to overbill without setting yourself up for future headaches and issues with your bond underwriter.
Topics we cover in this episode include:
- What is overbilling?
- What scenarios may result in overbilling?
- When does overbilling become a bad thing and how do bond underwriters look at it?
- How human error can lead to overbilling
LINKS
Visit the episode page at https://CarpenterCPAs.com/overbilling for more details and a transcript of the show.
Find all episodes and related links at ContractorSuccessForum.com.
Join the conversation on our LinkedIn page: https://www.linkedin.com/company/CarpenterCPAs
FIND US ONLINE
Wade Carpenter, CPA, CGMA | CarpenterCPAs.com
Stephen Brown, Bonding Expert | SuretyAnswers.com
Luvut
1. The Pros and Cons of Overbilling (00:00:00)
2. What is overbilling? (00:01:25)
3. What scenarios may result in overbilling? (00:02:23)
4. When does overbilling become a bad thing and how do bond underwriters look at it? (00:05:24)
5. How human error can lead to overbilling (00:08:24)
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