Credit Card Usage Update

[JGinther]

businesses reporting extraordinarily high proportion of CC to cash ... could get flagged.

Is this true? A couple of our locations are near 80% credit card usage compared to cash. You think that could be basis for triggering an audit? We hide no cash and have survived audits with credits! Its just what they customer pays with...

 

[mjwalsh]

Is this true? A couple of our locations are near 80% credit card usage compared to cash. You think that could be basis for triggering an audit? We hide no cash and have survived audits with credits! Its just what they customer pays with...

I would certainly hope that it is not true as I would hope that for the 100% honest all cash businesses with no CC would not provide any more of a reason to be flagged by the various agencies either...

 

[Earl Weiss]

Earl,

I think I see what you mean ... businesses reporting extraordinarily high proportion of CC to cash ... could get flagged.
mike walsh http://www.kingkoin.com/USA_Deficit_Reduction.html

Uh, no, that is not it.