Discover how accounts payable function as short-term liabilities, not expenses, and learn how they impact a company's ...

Notes payable make up a common category of current liabilities as shown on the balance sheet. These include debt obligations payable within a 12-month period. A note is a formal written commitment to ...

Notes payable is accounting-speak for promissory notes, written commitments that say you've borrowed money and have to pay it back. Like other outstanding debts, notes payable affect your bottom line.