Contracting for the farms
The business is an agricultural contractor in Waikato and Bay of Plenty. Farms bring it in for the season’s work, and the gear and the crew go wherever the work is.
The year has a shape. There’s a run of busy months when the work comes all at once, and the invoicing follows it.
The farms pay on the 20th of the month after. Work done early in the season isn’t paid for until well into it.
A new owner, a bigger season
In October 2024, the owner told the FundTap team they’d taken over the business earlier that year. They’d reworked the costs and picked up a good deal of new work, the owner explained.
More work means more to pay for before the first invoice of the season is settled. The crew and the machines are running from the first job, and the farms’ money follows weeks later.
Funding the season’s first invoices
Their broker introduced them to FundTap. In October 2024 they signed up, connected Xero, and funded four invoices that month, the ones already out to the farms.
They knew the cost of each one before they went ahead. The farms paid the business on the 20th, as they do every season.
Into the season without the wait
That covered the costs of going into the season with more work on than before, without waiting on the 20th. The new work could be taken on as it came.
They haven’t funded anything since October 2024, and that has cost them nothing. The account is still there, two years on, for the next time a season’s costs land before the farms pay.
The timeline
- October 2024 Signed up through their broker, with the busy season about to start and more work on the books.
- October 2024 Connected Xero, ready to fund the invoices already out to the farms.
- October 2024 Funded four invoices, and went into the season with the costs covered.
In numbers
- 20th of the month after: when the farms pay for the season’s work
- 4 invoices funded in October 2024, with the busy season about to start
- 2 years since that season, with the account ready and nothing charged
Invoices funded each month, as a table
| Month | Invoices funded |
|---|---|
| October 2024 | 4 |
| November 2024 | 0 |
| December 2024 | 0 |
| January 2025 | 0 |
| February 2025 | 0 |
| March 2025 | 0 |
| April 2025 | 0 |
| May 2025 | 0 |
| June 2025 | 0 |
| July 2025 | 0 |
| August 2025 | 0 |
| September 2025 | 0 |
| October 2025 | 0 |
| November 2025 | 0 |
| December 2025 | 0 |
| January 2026 | 0 |
| February 2026 | 0 |
| March 2026 | 0 |
| April 2026 | 0 |
| May 2026 | 0 |
| June 2026 | 0 |
| July 2026 | 0 |
| August 2026 | 0 |
| September 2026 | 0 |
Sound like your business?
The busy season is coming and the costs land before the farms pay on the 20th. Fund the invoices that are already out, and go into the season with the crew and the gear paid for.
Fund the big seasonal invoice without waiting on the buyer.
