A Financial Clarification......not so "positive" $$$ news
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Marcia Fields
Apr 25, 2012, 8:06:12 PM4/25/12
to Victoria Village Homeowners at Colorado Springs
Earlier this month I was all happy and excited that the Accounts
Receivable had dropped over $4K, $4,585.66 to be exact, from February
to March. The drop in the AR of that amount was not due to folks
getting back on their feet and catching up on their dues but rather
was a write-off for Bad Debt bringing it down. This was explained at
the last meeting and the way the treasurer reported it, sounded like
it was from one account. I could be mistaken on that and perhaps was
from more than one account but that's the way I understood it.
Unfortunately, isn't the way V.V. needs to lower the AR. Just wanted
to update people on this.
marcia ann
Receivable had dropped over $4K, $4,585.66 to be exact, from February
to March. The drop in the AR of that amount was not due to folks
getting back on their feet and catching up on their dues but rather
was a write-off for Bad Debt bringing it down. This was explained at
the last meeting and the way the treasurer reported it, sounded like
it was from one account. I could be mistaken on that and perhaps was
from more than one account but that's the way I understood it.
Unfortunately, isn't the way V.V. needs to lower the AR. Just wanted
to update people on this.
marcia ann
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