Business finance isn't the easiest language to learn. As your business grows, understanding these terms and knowing what they mean for your business is crucial. But don't panic just yet, EDGe Business Planning is here to help you navigate the tough terrain. As we discuss various business terms you should know, we will be updating this list so keep checking back .
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Accounts Payable:
These are your small business's obligations to pay debts owed to lenders, suppliers, and creditors.
Accounts Receivable:
The money owed for goods or services rendered. They are labeled as assets because the customer is legally required to pay cash for their short-term debt.
Capital:
The term used to describe investments in your business that will last a long time.