CheckVault

Just pay me when you’ve got it. I don’t mind waiting

in Business / Our articles  by Prathamesh 0 comments

“Yeah no worries, just pay me when you’ve got it. I don’t mind waiting” is listed among an extensive line up of things you’ll never hear from a tradie in a hilarious satirical clip “S#!t Tradies NEVER Say” produced by Tradies National Health Month.

Many tradies, like other small-medium sized business operators, are greatly affected by cash-flow issues caused by not getting paid on time, or in some cases not getting paid at all. This can put enormous pressure on their mental health, self-esteem and spill over into their family life. While this is particularly rampant

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Security in ‘the cloud’: How to make sure your information remains secure while using cloud-based software

in Business / Our articles / Technology  by Prathamesh 0 comments

Cloud computing gives you greater freedom than ever before. No longer tethered to a desk, you can manage your business, and with CheckVault your payments as well, on the go from anywhere.

So with the growth in cloud-based software services available we thought we would share with you a few tips on how to keep your information secure when using these tools for your business or at home.

  • Use an internet browser with good security protection – Google Chrome is acknowledged as the most highly secure of the most popular browsers. We have optimised our site for Google Chrome to give you the best and most secure CheckVault experience.
  • Check that the website is secured – Look at the top left hand side of the
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Business Health Check – End of Financial Year is the perfect time

in Business / Our articles  by Prathamesh 0 comments

There are only three days to go until we wrap up the 2013/2014 financial year in Australia.  It’s a great time to take a few minutes and reflect on the year that was, then use this insight to start planning your year ahead.

Take stock of where you are; what worked well; what didn’t; what you’ve achieve and where you can improve.

Think about:

  • How many jobs have you quoted?
  • How many jobs have you
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Just one bad job from going out of business

in Business / Our articles  by Prathamesh 0 comments

I was reading an article on the Masonry Contractors Association of NSW & ACT website recently in which they published an article titled “USA low margin lesson“. The writer tells a great story of how, when chatting with friends who ran their own businesses across varied professions, they were all ultimately in the same situation.  From doctors to lawyers, accountants to contractors, they “are all just one bad job away from going out of business.”

A scary thought. And one CheckVault is changing.

Until recently the only option a contractor, builder, accountant or even lawyer, really had was

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Amendments to Security Of Payments Act now in place

in News / On the road / Our articles  by Prathamesh 0 comments

Earlier this week, on 21st April 2014, changes came into effect for the Building and Construction Industry Security of Payment Amendment (SOPA) Act 2013 (“Amendment Act”).  The amendments will apply to all contracts entered into on or after this date.  The amendments include some of the recommendations made in the Collins Inquiry which looked at depth at insolvency in the NSW construction industry. 

The Master Builders Association of NSW notified it’s members of the key amendments as follows:

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Survival rate in construction industry lower than average

in News / Our articles  by Prathamesh 0 comments

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We know the construction sector can be a tough space to work – in both the physical and economic sense.  There’s a lot of risk to any construction business.  So do you love it so much you’ll work for free? That’s the predicament many a contractor and builder face when their client can’t pay the bills.

Recent figures from the Australian Bureau of Statistics (ABS) show that

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