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MJ4me

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MJ4me

Re: junk4cashcars post# 102425

Tuesday, 08/22/2017 5:43:15 PM

Tuesday, August 22, 2017 5:43:15 PM

Post# of 111920
Just sayin if they shipped say mid July-payment terms of 90 days and their "books" only reflect a "sale" when an invoice is paid...then it will be mid October until those monies from the July ship is in their financials

As mentioned here earlier today-they most likely are a cash basis accounting method. Scenario above is how a cash basis company would record a "sale"-when monies are received versus when "shipped"
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