Understand the total interest by multiplying the annual charge by the number of years in your note. Calculate yearly interest by multiplying the principal amount by the interest rate. Know your full ...

When you borrow money, you not only pay interest but also track the interest in your ledgers. Interest Payable is the account for recording interest you owe but haven't yet paid. You can find an ...

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.