How many people want to bet me that Romney is paying his bills very quickly, possibly getting a fast pay discount & that Obama has a sizeable Accounts Payable balance?
IF so, the ‘Cash on Hand’ balance at the end of July could really be misleading....
Obama could have an Accounts Payable balance that will eat up most of that cash on hand & Romney’s money is high in cash and very low in Accounts Payable.
I hve worked as a bookkeeper to small businesses for over 35 years.
One client was allowed a 10% discount on his inventory purchases from his major supplier if he paid the bill within 10 days.
He had NEVER done that, in over 25 years in business.
I showed him tht he could do that & save considerable money.
The first year I worked for him, I saved him more money that the money he paid me as an outside contractor.
I showed him tht he could do that & save considerable money.
The first year I worked for him, I saved him more money that the money he paid me as an outside contractor.
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Wow. You must’ve been a real boon to that business. Did you get to see how his life changed?