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I'm pretty sure this is about controlling quarterly results for public companies. They play around with numbers a lot to make estimates. They can push payables
by cylinder 10y ago
I'm pretty sure this is about controlling quarterly results for public companies. They play around with numbers a lot to make estimates. They can push payables out to the next quarter with net 90.
- rahimnathwani 10y agoThe payment terms would not affect the income statement, as the invoice would be recognised in the same period regardless.
- brazzledazzle 10y agoI was under the impression that it's more about budget and the ability to better predict/balance incoming and outgoing funds.