ERP Term
"Accounts Payable"

All unpaid balances, invoices, or partial payments your company owes to its vendors or suppliers.

Accounts payable is the money that your company owes to its vendors. This can be for products or services that have been received but not yet paid for. Accounts payable is typically a short-term debt, meaning that it is due within a year. If you have accounts payable, it will show up as a liability on your balance sheet. You can manage your accounts payable by paying early to get discounts, or by negotiating payment terms with your vendors.

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