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Tractor Talk Discussion Board

Re: Bank Practice Rant


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Posted by Super-H-Mike on February 08, 2017 at 10:23:37 from (76.164.144.132):

In Reply to: Re: Bank Practice Rant posted by David G on February 08, 2017 at 07:24:20:

This is only a problem on rare occasions, I get what you are saying,and that WOULD work, but I am still reluctant to start down that road. Cash flow crunches always come from accounts recieveable , and human nature. Customer A promises to pay on said date but doesn't, Customer B forgets his checkbook, but will mail a check, funny, but it takes him 60 days to find his checkbook and the mailbox. Customer C asks for a payment plan AFTER work is completed. Customer D wants to post date a check, or plain bounces his check. Customer E goes on vacation for 2 weeks and will pay when he gets back,etc , etc. It doesn t happen often, but there are times these customers all line up at once, and I have money invested in each job. My suppliers want to get paid on time, the result is a lean checkbook... I could get more hard nosed about collecting on time too.


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