Download our free business debt schedule here.
When you have debts, it’s wise to be able to quickly and easily put your hands on the details of that debt. Especially since most debts require a periodic payment and interest is accruing!
A business debt schedule, much like it sounds, is a list of all the debts your business currently owes. This can include:
Regular expenses like short term accounts payable and accrued liabilities are normally not included in your business debt schedule. This form is for you, as the business owner, to quickly and easily assess your business’s current debt in the event that you must make a decision, such as taking out more debt, deciding where to repay first, or attempting to renegotiate with a creditor.
As you begin to create a business debt schedule, your list should include all the pertinent details of each debt, including:
You’ll likely find that you appreciate being able to quickly and easily lay eyes on the pertinent details of all of your debt. To get started, check out this business debt schedule template.
Aside from keeping yourself organized, other uses for a business debt schedule include:
Whether you’re taking out a new small business loan or simply want to keep your business’s finances organized, a business debt schedule can help you keep on top of any money your business owes.