That’s right 120 till our vendors get paid. Tell your bank that or better yet your mortgage company. Come on now let’s try and survive on their backs.
3 replies (most recent on top)
Also if we are approaching the end of a quarter the standard email stating we are freezing receipts and new PO’s. I am surprised we are not all standing on a street corner holding a cardboard sign.
But remember, ensure your terms to the client are net 30 and you better get on them to get paid by day 20 - just to make sure they have time to hit it.
This is what I hated when I was a manager with this company. I had countless small business owners call me because we were in arrears of paying a few hundred k of payables. We were their main customer and they are loaning us money and having difficulty paying their own staff. Pitiful...plus I loved the ‘don’t tell the vendors’ email we’d get.