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-   -   Notes Payable in One Year or Less (https://www.askmehelpdesk.com/showthread.php?t=410701)

  • Oct 28, 2009, 07:01 PM
    umo78
    Notes Payable in One Year or Less
    Would revolving debt (credit cards) be included in Notes Payable In One Year Less or in Notes Payble in One Year or More
  • Oct 28, 2009, 11:00 PM
    morgaine300

    Credit cards are intended to be paid short-term. And quite personally, I would put them Accounts Payable. Even though you've made an agreement to pay them, and even though they can charge interest and late charges and all that, they're not really a promissory note. I'd be tempted to create a separate account for them, even calling it Credit Card Payable or something.

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