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Gnucash 2.4 Small Business Accounting by Ashok Ramachandran

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Chapter 6. Business Mantra: Buy Now, Pay Later

"Even if you can afford to buy your paperclips with cash—don't." web article offering financial advice to start-up businesses.

Probably one of the most highly practiced forms of cash on delivery today in the US is pizza delivery. With about 65,000 pizza restaurants in the US we can guesstimate that the number of pizza deliveries per day will easily run into millions. Some people do pay over the phone in advance, before their pizza is delivered, but most still present the delivery person with cash or check and, hopefully, a suitable tip. Therefore, if you are in the pizza delivery business, you don't have to worry about credit sales.

Credit is the lubricant for the wheels of business

On the other hand, ...

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