Saturday, May 28, 2016

Outrageous late payment excuses

This only has a tangential connection with accountancy but still feels worth sharing here. Drawn from a survey conducted by FreeAgent and summarised on AccountingWeb:

  • Can I just buy you a pint and call it quits?
  • Our chief executive is still on his sailing holiday
  • I have been in hospital for 2 weeks to have my tonsils taken out (they hadn’t)
  • My cat is sick
  • My dog ate your invoice
  • Your invoice was unethical
  • I have no money left, but you’ll get what you’re owed if you work on my new project. And move with me to Qatar.
  • You didn’t chase me enough for payment
  • (to a professional photographer) The photograph you took is of me, so I don’t need to pay you
  • I referred you to a friend, so I thought that would mean you wouldn't charge me
Any more?

A dozen laws of accountancy that weren't covered in your studies

Trial balances don’t. (Not always, anyway) Working capital does not. (Work, that is) Liquidity tends to run out. (Faster than you thin...