Accounts payable home page - Finance
account payable Key Learning Points · Accounts payable is a current liability which represents amounts owed to suppliers for goods and services where an invoice Accounts payable is money your business owes, and accounts receivable is money owed to you Learn how accounts payable and accounts receivable differ
Primary tabs Accounts payable is short-term debt that a company owes to its suppliers for products received before a payment is made Accounts payable, also referred to as payables or AP, is the money you owe to vendors You increase your accounts payable when a vendor extends
The accounts payable department posts journal entries into the general ledger A journal entry contains all of the information needed to record Managing the accounts payable process · The most important thing: accuracy · Key steps in the AP process flow · Centralise your invoice payments