Re: Does Your Business Use Cash or Accrual Method Accounting?
@JamesOng To some extent yes, although it doesn't hurt for it to sit on the books (Since we are Cash Basis) , except it would be nice to have the money, of course.
So far, we have only had one customer that has not and never will pay us. They owed us a few thousand, and went Bankcrupt.
I do keep on the ones that are late or overdue, mostly with email reminders or nice phone calls seem to help.