From a business standpoint, an obligation refers to a simple liability. Establishing a company entails responsibility for every right, a requirement for every opportunity, and a duty for every possession. And the company needs to secure its business by paying for short-term debts. If it isn’t capable of paying for its bills, then what do you think will happen in the long run? So much of what has denied as a person is our capacity to go beyond what is just possible. However, in business, certainty is quite a rule. Things are different in the corporate world. You have to tell them that your business is able and capable of surviving at all costs. With that, we have provided a list of payment plans, agreements, letters, and receipts templates that you can utilize in determining the company’s current liability. Explore this article and see what benefits you can get from us in an instant.
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10+ Current Liability Templates in Google Docs | Google Sheets | Word | Excel | Numbers | Pages | PDF
1. Installment Payment Agreement Template
Use this Instalment Payment Agreement Template to draft a legally-binding document that details the terms and conditions concerning the company’s instalment payment. The template is also useful for a company that wanted to make an instalment payment for its current liabilities. You may download it anytime using Google Docs, MS Word, and Apple Pages file formats. Grab it now!
2. Payment Plan Template
Planning is not just good for events, but it also effective in making a payment. To help you with that, you may download this Payment Plan Template that is ready-made and print-ready in A4 and US letter sizes. Secure a copy of this payment plan template now so you can start personalizing it today.
3. Contract Payment Schedule Template
Are you looking for a contract example payment template to lay down your payment schedule? Well, this Contract Payment Schedule Template is made available now in Google Sheets, Google Docs, MS Excel, MS Word, Numbers, Pages, and Editable PDF. Need this one right away? Download it now!
5 Steps to Determine a Current Liability
Step 1: Categorize
There are a lot of types of current liabilities a company has to deal with. Generally, they can be divided into four (4) major sections: (1) payroll; (2) accrued; (3) estimated; and (4) personal. And in every category, an extensive list of current liabilities can be found. A few examples are the accounts or trade payables, notes, the principal portion of a long term loan, wages, income taxes, interests, accrued expenses, customer deposits, and the deferred revenues. To account for those, the company has to create a separate section of a business’s balance sheet.
Step 2: Make a Checklist
Since categorizing is a difficult task to do, it pays better to download a checklist template from our website. A checklist can help you list down all the current liabilities in an organized and detailed manner. Aside from that, a checklist would be able to help you allot a section for these types of transactions on your balance sheet.
Step 3: Calculate
After separating your company’s current liabilities, you need to calculate and look for a sum of these liabilities. As a strategy, you can figure them based on their categorization before summing them up in a whole section for as long as you can get an accurate calculation or estimation of the company’s current liabilities. Creditors and financial analysts often used the current ratio and the quick ratio to measure the company’s capacity to pay its current short-term financial obligations. In this way, the company would be able to identify how much of the assets can pay for the business’s current liabilities.
Step 4: Prepare a Payment Form
Recording your business’s current liabilities is just one thing in the process. The next step requires you to make an exact amount for every payment transaction. To help you with that, we have prepared a comprehensive list of payment templates of any kind. They are all easily editable and 100% customizable in your most preferred file formats. Also, you can make use of the preformatted content that is provided initially along with the layout and the design. Prepare a payment form and edit it in any way you want.
Step 5: Check & Recheck
Check if there are errors in the amounts given before making a payment. Recheck if necessary. Make sure you have written and tallied it all accurately. You can call a friend or your assistant to help you with the process. Besides, two heads are way better than one. It always an advantage when you have someone to help us correct our mistakes.
4. Restaurant Payment Receipt Template
If you’re running a restaurant business and you need a payment receipt template, then this Restaurant Payment Receipt Template is what you need to get your hands on. Edit it with ease in your preferred file formats anytime you need it. Hurry! Download this template immediately!
5. Simple Receipt Template
Simple receipt templates are easy to edit and quick to modify. So if you prefer to get a copy of this Simple Receipt Template, you can have full access by downloading it in MS Excel, MS Word, Numbers, and Pages. Provide a receipt to your customers as easy as pie using this model. Download this simple receipt template now!
6. Receipt for Goods or Services Template
This Receipt for Goods or Services Template is useful for any businesses that offer products or services, such as a massage spa, a shoe store, or even a customer service company. You can have it edited and customized in Microsoft Word or Apple Pages file format. Don’t miss this chance. Download the template now!
7. Free Late Payment Letter
When you want to inform the company about the late payment in your current liabilities, you may do so by downloading our Free Late Payment Letter. It is readily available in Google Docs, MS Word, and Apple Pages, so it will be easy for you to personalize. Download it right there and there to start the editing process.
8. Free Final Payment Letter
Make a detailed final payment Letters sample as you download our ready-made Free Final Payment Letter. By using Google Docs, MS Word, and Pages file formats, you can modify the template in A4 and US letter sizes. Hence, it is perfect for commercial as well as personal printing. Make haste! Download the template now for free!
9. Free Letter for Acknowledgement of Receipt of Payment
Get to create a letter that acknowledges a receipt payment of the company’s current liabilities. With the help of our Free Letter for Acknowledgement of Receipt of Payment, you will be able to draft this kind of document quickly and effectively. Download it now and edit in Google Docs, MS Word, and Pages for free!
10. Fax Payment Form
You don’t have to pay for the additional fees in order to get your payment in on time. With our ready-made Fax Payment Form, you will no longer have to worry about editing a payment form. Get a copy of this file in a portable document format (PDF) and modify it as easy as pie anytime, anywhere. Download it now!
11. Sample Payment Form
You can utilize this Sample Payment Form to aid you in drafting a payment form. Make use of the original content in a portable document format (PDF) anytime you need the template. So, what are you still waiting for? Download this sample payment simple form now!