AP Register - Pay Bills, Build Credit
Automate your BILLS TO PAY. Manage your small business like a big business…. for less.
Accounts Payable > Managing BILLS TO PAY
Not ready to accounting software? NO PROBLEM. You can automate bookkeeping system with our custom designed spreadsheets.
Super simple, easy to use, and will make your backoffice run like big businesses.
In the business world, the bills you pay are known as “Accounts Payable”. This is money owed by a business to their suppliers.
“Accounts” a bill is issued and sits “on account” (until it is paid.)
“Payable” means it is to be paid.
On your Balance Sheet the Total Accounts Payable is a liability. Liabilities reduce your Net Worth. For example, if you have $1 million cash in the bank and $600k in Accounts Payable, your Net Worth is only $400k. This is how banks, lenders, supplies, creditors, and investors determine the value of your business, your credibility, cash flow, and other risk factors.
Maintaining this information has several benefits:
Managing cash flow
Establishing credibility
Transparency of business activity
Supporting detail for business liability
This Accounts Payable file includes the following tabs:
AP Register
Vendors Directory
Purchase Order Template
G/L Accounts
