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[personal profile] willow_25
If you have $4,000 in outstanding invoices from the fourth quarter of the year, still unpaid at the end of the first quarter of the following year, and you just noticed, your business deserves to go under.

That is all.

Date: 2009-03-25 02:46 pm (UTC)
From: [identity profile] sharoncs.livejournal.com
Oh jeez...that is pretty awful.

Date: 2009-03-26 01:50 am (UTC)
From: [identity profile] missmurchison.livejournal.com
I freelanced with a company like this once. I sorted through their checkbooks and receipts to figure out how much money they had and how much was owed them. Their means of keeping their checkbooks sorted (I refuse to say "balanced") was to use one for a month or so, then switch to the other, and after about 60 days, they'd figure whatever the bank said was the balance on the first was correct. I was never sure I found all their receivables, although I did manage to collect quite a bit for them by the strange and wonderful method of sending monthly billing statements.

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