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Descant · 12-10-2020, 11:25 AM

I once worked at a business that gave a 5% discount for cash or checks. Their receivables plummeted from many thousands to negligible within weeks. For a small business, you can't pay bills with receivables. You can take cash to the bank.

12-10-2020, 11:25 AM	#11
Descant Senior Member Join Date: Mar 2006 Location: Merrimack and Welch Island Posts: 4,413 Thanks: 1,362 Thanked 1,635 Times in 1,067 Posts	cash flow I once worked at a business that gave a 5% discount for cash or checks. Their receivables plummeted from many thousands to negligible within weeks. For a small business, you can't pay bills with receivables. You can take cash to the bank.