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Worried that my company will make payroll. Preftigious?
| pale death wish | 04/19/18 |
| sooty rough-skinned business firm knife | 04/19/18 |
| marvelous aqua private investor newt | 04/19/18 |
| pale death wish | 04/19/18 |
Poast new message in this thread
Date: April 19th, 2018 9:59 PM Author: pale death wish (http://www.autoadmit.com/thread.php?thread_id=3954299&forum_id=2#35878141) |
Date: April 19th, 2018 10:01 PM Author: sooty rough-skinned business firm knife We were always going through this when I was working at start-ups. Our COOs used to not pay bills and call it "preserving our capital position".
That just means you aren't paying your bills. |
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Date: April 19th, 2018 10:04 PM Author: marvelous aqua private investor newt Are you sure they weren’t just letting their accounts payables hang out there longer? (http://www.autoadmit.com/thread.php?thread_id=3954299&forum_id=2#35878163) |
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Date: April 19th, 2018 10:08 PM Author: pale death wish Yeah. That’s the issue. Lots of vendors aren’t being paid. The lenders aren’t being paid. It’s only a matter of time before the company can’t make payroll because (a) it doesn’t have sufficient cash in the ordinary course or, more likely, (b) the Lenders sweep the company’s cash. |