Even if your business doesn't center around banking, it may involve a loan occasionally. Suppose you're a metal company, and a customer wants to buy tungsten now and pay later. You sell $5,000 worth ...

A promissory note is a financial and legal instrument through which one party agrees (or promises) to pay another party a sum of money that's comprised of two pieces: principal and interest. These ...

Accounts payable are funds your company owes individuals or other businesses. For example, you may have requested credit from another business so you could buy inventory from it. You may have bought ...