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re: I think it's a bad idea to close restaurants.
Posted on 3/16/20 at 5:04 pm to imjustafatkid
Posted on 3/16/20 at 5:04 pm to imjustafatkid
quote:gift cards absolutely help. Cash flow management. The smart one's are pushing gift cards and pick-ups. Gift cards are loans.
This is not "help" and may be the dumbest thing I've seen people suggest. That is merely deferred revenue. It may help with short-term cash-flow, but that gift certificate is NOT cash. You buy it now and use it later. They don't get to recognize that revenue twice.
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