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| Anthony and Peter Arnet joined forces in 2003 to combine Peters 40 years experience in earthmoving with Anthony's business and farming background. | ||||
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Over the past 40 years, Peter has seen a great number of changes. In the early days, "if you could do the job you did the job!" "I needed a simple and reliable computer system that would perform well." Today, a job needs to go through the procedure of tendering, selection and acceptance. With government regulation and competition from overseas contractors, the administrative side of running a business has grown. It is essential to maintain a high skill level and good recording and documentation policies and software. KOTR has a large investment in earthmoving machinery and employs skilled staff.
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"The ongoing work in the Waikato river is one of our regular projects." Tenders that Peter accepts come from either the flow down from large government projects or private sector developments such as golf courses or subdivisions. This makes it quite seasonal, for some of the work and vulnerable to government budget whims. This requires tight control of expenses and good relationships with both customers and their bank. KOTR uses the debtors and invoicing to charge customers using a "professional invoice format" based on the tendered contract. The creditors are maintained to ensure correct recording of ALL ceditors, from fuel companies to government departments to the corner dairy.
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The cashbook and ledger are used to produce "profit and loss" monthly for the management and banks. Because all the modules in +Impact are fully integrated, entering information into one module, flows into the other related modules. "Maintaining a tight control of our cash flow and keeping the banks well informed has enabled us to securely expand my business."
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