Originally Posted by sillybunny11486
I thought about that so I wouldnt be late. But, I was studying with an attorney/CPA for my CPA a few months ago. He told me it dosent matter when the checks are dated, a bank can cash them upon receiving them.
I would love to board were I got a discount for multiple horses. I think $50 is pretty reasonable. I pay 150 per horse at the moment, I think that's probably what it costs the BM to feed them and pay for rent, so Im not expecting any discount right now.
Although each horse costs the same, you are retaining a larger amount of $, if you can keep two boarders with two horses each, as apposed to two boarders with one horse each. I always try to keep my two horses together if I can.
Well that makes no sense? There is no way a bank can cash a cheque dated For September 1, 2010, in January of 2009! You have a year to cash a cheque from the date on the cheque after which it becomes invalid...but you can't cash a cheque prior to the date indicated on the cheque...
Hence the whole point of post dating a cheque.
I don't take all my cheques for the year down to the bank at the beginning of the year. I have them filed in that Boarders file, when the 1st of the month arrives (next business day if it falls on a weekend) and take the cheques in.
I send out reminder emails, and post a note on our "communical" wipe board reminding about board a week before. Everyone here has always paid on time.
Also 2 horses cost me the same amount of money to upkeep, it doesnt matter if those horses are owned by one person or two????
I have great boarders, they appreciate all I do for them...so I think that is why they always pay on time. I do know that I go above and beyond most boardeing stables in our area...adn I think that is reflected in my full barn, timely payments, and very little turn-over of boarders
But I think being a smaller barn helps w/that...I can keep things well organized, safe, and no drama, as I don't allow just any joe-blow to board here. They need to "Fit" into our little family so to speak.