- Writing a Business Plan
- Financial Statements
- Business Forecasting
- Business Checklist
Accounts Payable note to the financial statements
This note predicts much money is owed to general businesses (vendors) at the end of each business year and who it is owed to. Remember, accounts payable includes money owed to general vendors such as office supply stores, computer stores, utilities companies, and even the government for employer costs, etc... Below provides a simple example of an accounts payable note to the financial statements.
The ZZZ Company will pay its vendors based on their credit terms. Moreover, the company delays payment by 30 day to vendors offering this line of credit. The following accounts payable balances appear on the company's forecasted balance sheets for 200X and 200Y (as of December 31):
The $382 ending balance as of December 31, 200X consists of $100 owed to the telephone company and $282 owed to the federal government for employer costs. As indicated on the 200Y forecasted cash flow statement, the $382 will be paid in January of 200Y. The $549 ending balance as of December 31, 200Y consists of $125 owed to the telephone company and $424 owed to the federal government for employer costs. This amount ($549) will be paid in January of 200Z.