Cash Collection for Tool Hire and Plant Hire Shops: Hire Deposits Held Apart, Damage-Waiver Money and the Weekend DIY Peak
A sound cash collection tool hire plant hire deposits routine starts with a distinction that shapes everything else in the shop. When a customer hires a drill, a cement mixer or a mini digger, the deposit they hand over is mostly not the shop’s money. It is held as security, and it goes back when…