If you’ve been in business long enough, you’ve dealt with customers who are down on their luck. They may need to make installment payments over a few years to be able to afford their next purchase.
You don’t know if they’ll even be able to make the payments, but maybe...
The No. 1 thing I’ve learned since I started my career in accounting is that there's always more to accounting for an event than you’d think.
When you purchase a new truck, you don’t expense it right away; it gets depreciated over many years. When you sell inventory, you have...