Glossary
Creditor
A creditor is anyone you owe money to, such as a supplier who sold to you on credit or a bank that lent to you.
What it means for a shop owner
What you owe appears in your books as payables, and you must pay it on time. Paying creditors on time protects your reputation and your prices. Rank them by due date.
A worked example
You owe the grain supplier 2200, due in a week.
Related
Try it in your shop, free, no card.
The free plan: the whole shop for one branch, an offline cashier with stock, debts and accounting, with a daily limit on invoices, expenses and purchase orders. What it includes