What Does Accounts Payable Mean?

account payable  The accounts payable department posts journal entries into the general ledger A journal entry contains all of the information needed to record Built on the Now Platform® Accounts Payable Operations includes powerful platform capabilities to simplify activities across your accounts payable organization

The formula to calculate accounts payable is equal to the beginning payables balance plus credit purchases, subtracted by supplier payments The The Accounts Payable department is responsible for the financial, administrative and clerical support of a company They are in charge of making

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 is money your business owes, and accounts receivable is money owed to you Learn how accounts payable and accounts receivable differ