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View Diary: Another Tale of Corporate Corruption (56 comments)

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  •  Nobody (5+ / 0-)
    Recommended by:
    sidnora, GAladybug, OleHippieChick, dfe, MKinTN
    It seems that the bigger the corporation the more they try to get out of paying their bills even when the dollar amount involved is next to nothing.
    especially corporations, ever gets or stays rich by actually paying for things.

    Think about how huge their accounts payable must be on any given day. It must be in the tens of millions, at least. Now think about how much money they can accumulate by playing the market with that money for even one extra day, let alone an extra 120 days.

    Al Qeada is a faith-based initiative.

    by drewfromct on Wed Oct 12, 2011 at 05:48:41 AM PDT

    [ Parent ]

    •  Some of them do (1+ / 0-)
      Recommended by:

      I have another client whose head of accounting ordered Accounts Payable to not pay any invoices for outside Consultants until the Consultant complained. When we complained they did eventually start paying our invoices after my partner told them no pay, no work and walked out. The Accountants rational was that some of the billings might be "fake" and he wanted to make sure that there were "real" companies getting paid. Of course all of the invoices had to have an attached work order issued by Accounting and the work completed had to be signed off by a Manager so there was no way anything could be fake - not to mention the work was done on site with access provided to their Servers by the company. He said he was going to do this every year. Thank goodness the jack-ass left a few months later.

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