Accounts Payable
Accounts payable represents money a business owes to suppliers for goods or services received. It is recorded as a current liability and is the counterpart to accounts receivable.
Payables management affects cash flow and vendor relationships. Companies often monitor days payable outstanding (DPO) as a working capital metric.
Related Terms
Accounts Receivable
Accounts receivable is money owed to a business by its customers for goods or services delivered on ...
Balance Sheet
A balance sheet is a financial statement that reports a company's assets, liabilities, and sharehold...
Debit
In banking, a debit is a transaction that decreases the balance in your account. On your bank statem...
Credit
In banking, a credit is a transaction that increases the balance in your account. On your bank state...
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