Glossary
Payables (supplier debts)
Payables are the amounts for goods you bought on credit and have not yet paid to the supplier.
What it means for a shop owner
They are free financing as long as you pay on time, but paying late hurts your name and can stop deliveries. Keep in front of you what falls due in the next two weeks so you hold the cash needed.
A worked example
You owe one supplier 500 due in 10 days and another 300 due in 25. Total payables are 800, and you need 500 ready within 10 days.
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