Accounts payable is money owed by a business to its suppliers shown as a liability on a company’s balance sheet. It is distinct from notes payable liabilities, which are debts created by formal legal instrument documents.
- Po processing
- A/P Invoice entry
- Approval Mgmt
- A/P invoice pmt
- T&E processing
- Employee expense Report processing
- Credit card processing & recon
- Vendor statement recon
- 1099 processing
Accounts payable” (AP) refers to an account within the general ledger that represents a company’s obligation to pay off a short-term debt to its creditors or suppliers. Another common usage of “AP” refers to the business department or division that is responsible for making payments owed by the company to suppliers and other creditors.