1 result for tag: debt management


Debt Management; What’s Your Workout Plan?

GENERAL COMMENTS ON DEBT Debt management is critical to business cash flow and success. Long term, short term, accounts payable, capital leases, and any number of other liabilities can overwhelm a business owner. While debt is reported as a “Liability” on your balance sheet, it’s part of the Capitalization of your company, similar to “Equity”; except that you owe someone. In most cases, bank notes, lines of credit, and in some instances vendor accounts must be “guaranteed” by the business owner; personally. In their enthusiasm and optimism, many business owners casually “sign off” guaranteeing the debt of their corporation; and ...