Theresa McFaul built her business in San Antonio from the ground up. As a master plumber, licensed realtor, builder, and the owner of Mai Vu Plumbing and Construction, she was no stranger to hard work and determination. But amidst the hustle and bustle of daily operations, Theresa found herself facing an unexpected adversary: financial chaos.
“When a company is bringing in several million dollars in revenue, it’s really hard for the owner to accept the business is not making money. You’re almost in denial because you don’t have any extra money in the account, and you don’t really know why.”
Beyond Cash on Hand: See the Full Picture
For Theresa, gaining control over her spending was crucial—not just to avoid shortfalls but to finally see the whole picture. Without a clear view into cash flow, she found herself caught off guard by overdraft fees and scrambling after late payments. Initially, credit cards felt like an easy fix, but by month’s end, expenses were piling up faster than she expected. With team members spending without real-time oversight, costs often outpaced revenue. Theresa realized she needed a solution that would allow her to understand her true profitability, not just the day-to-day balance.
Enter Profit
In her quest for financial control and transparency, Theresa found Profit – a virtual bookkeeper and expense management solution seamlessly integrated into a bank account. No more late nights wrestling with spreadsheets or shuffling through paperwork. Now with Profit, every expense is automatically reconciled and added to her financial statements, giving Theresa a crystal-clear view of her financial health at the click of a button.
Payment Transparency
Gone are the days of wondering what employees have spent or dealing with cumbersome expense reports. With Profit, Theresa can allocate funds to physical or virtual debit cards and view transactions as soon as they happen. Even better, Profit automatically requests pictures of receipts which are then assigned to every transaction.
With Profit’s mobile app, Theresa can approve spend requests in seconds, ensuring her team never misses a beat.
“Once a person has a card, they can request money – ‘Hey, I need $50 for drywall’. We get notified, say yes or no, and the money gets moved automatically. It saves so much time–and it tracks what every person is spending,” according to Theresa.
Budgets and Financial Reports
The more Theresa uses Profit, the more control she gets over her business. The Budgets feature and the built-in automatic bookkeeper track every expense to the correct budget. Nowadays, Theresa never leaves home without the Profit app. From issuing cards to monitoring budgets, Profit has become her constant companion – a silent partner in her quest for financial mastery.
Conclusion
For Theresa McFaul, Profit has transformed the way she does business, paving the way for a future of financial stability and success.
In the unpredictable world of entrepreneurship, one thing is clear: with Profit by her side, Theresa McFaul is ready to conquer anything that comes her way.
Company
Mai Vu Plumbing & Construction is a full-scale, licensed plumbing and general contracting company serving San Antonio and its surrounding areas. Founded in 2015, offering 24/7 emergency services and employs professional, licensed plumbers. Theresa Mai Vu McFaul, a master plumber with a deep commitment to quality and integrity, leads this woman-owned business.
