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eCommerce: What are the best expiration rules to set in place for a (deposit based) white label program? Should there be an expiration of funds if not used?
HV
HV
Humberto Valle Texas Real Estate Investor, Wholesaler, & Airbnb Superhost, Get Advice On Growing Your Real Estate Business answered:

yes. just for accounting reasons, imaging carrying a debit on your ledger for years? you need to close that out otherwise you will add to your liability and what if you close? You can't count on that money, which means you can't use it to fund growth or whatever else is needed. Expire the funds after 1 year or so.

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