• Log in / create account

• Home
• Categories
• Manuals
• Directories
• News Wire
• Blog
• Help
• Contributor Tools

Accounts Payable is an accounting transaction covering that money owed suppliers for goods and services. Typically, there is a specific time-frame in which such payments are due. In different industries, this period can be anywhere from days to months. On a balance sheet, accounts payable are classified as a liability.

See Also

SmallBusiness.com Glossary

Source

Material on this page comes from Wikipedia