Accounts payable is a certain debt of an entity (enterprise or individual) to other organizations or persons, which this entity must repay. In this case, accounts payable, as a rule, arise if the date of receipt of goods, services or works does not coincide with their actual date of payment.
Instructions
Step 1
There are several ways to reduce accounts payable. Negotiate with your creditors to reach some agreement with them (for example, discuss deferred payments).
Step 2
Determine the property that you can sell to pay off the debt.
Step 3
Use every opportunity to attract new investors.
Step 4
Create a bad debt reserve system. In this case, when concluding contracts, the company counts on the timely receipt of the necessary payments. Such a system will make it possible to form sources for covering losses, as well as to have the most realistic characteristics of the firm's own financial condition.
Step 5
Develop an active system for collecting payments. This section of working with debtors implies the following processes: perform the necessary procedures for interacting with your debtors in case of violation of the terms of debt repayment, define and introduce an appropriate system of punishment for unscrupulous counterparties.
Step 6
Increase the size of the authorized capital at the expense of additional contributions from the members of the company themselves or contributions of third parties. To do this, draw up a special protocol on the increase in the authorized capital (it must determine the total value of all additional contributions).
Step 7
Replace the debtor in the obligation (translate the debt). Current legislation provides for the possibility of transferring debt to another person. In this case, the enterprise that is the original debtor drops out of the existing obligation and a new debtor takes its place. As a rule, the debt is transferred to the new debtor in full.
Step 8
At the same time, in order to transfer the debt, it is necessary for the creditor to express his consent in writing. This is done by signing an agreement or contract confirming the transfer of the debt.
