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.

Companies that use debt financing must disclose the financial terms of each promissory note on their balance sheets and income statements in accordance with Generally Accepted Accounting Principles ...

Bonds and notes payable are two types of debt that companies can access to raise capital. Technically speaking, both are written agreements between the company and the lender defining how much will be ...