Payables


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Payables

Accounts Payable

1. Money owed for a good or service purchased on credit. Accounts payable are a current liability for a company and are expected to be paid within a short amount of time, often 10, 30, or 90 days.

2. A unit within a company's accounting department that deals with accounts payable, managing credit lines, purchase orders, and audit reports.

Payable

1. An outstanding debt. A debt that one must pay to a creditor.

2. A current liability. Any debt that a company must pay within a year.

3. Accounts payable. Money owed for a good or service purchased on credit. Accounts payable are a current liability for a company and are expected to be paid within a short amount of time, often 10, 30, or 90 days.
References in periodicals archive ?
The tax adviser should suggest that Peary contribute his $60,000 of zero-basis accounts receivable from his practice, but, to avoid assignment-of-income issues, the partnership should also assume the payables of Peary's practice.
Integrated Payables incorporates Positive Pay and other security features to enhance the integrity of the disbursement process.
If a financial instrument obligates one party to deliver cash or other instruments, that party has a liability--a payable in the broadest sense--and the other party has an asset--a receivable.
The conference, which includes The Accounts Payable Leadership Track, combines what's new in Form 1099 and Form 1042-S reporting with the best cutting-edge methods and technologies of accounts payable (AP) today, said TAPN CEO Phil Binkow.
The solution includes support for all expense process features, including manager approval, accounts payable review, re-submission, short pay, rejection and audit.
Recognizing that adoption by the supplier community is critically important to successfully streamlining the A/P process, Emergis e-Invoicing for Payables is supported by Fast Lane, a comprehensive adoption program designed to accelerate a return on the solution's investment.
With Bottomline's approach to payables automation, organizations can quickly and easily transform accounts payable operations to increase the availability of working capital and significantly reduce risk," said Eric Campbell, Chief Technology Officer, Bottomline Technologies.
OpsTechnology develops software that saves money for real estate operating companies by improving their ability to manage and standardize Procurement, Purchasing and Payables functions.
A new Aberdeen report, "E-Invoicing Solution Selection - Leading an Accounts Payable Extreme Make Over," is your guidebook to choosing the right strategy, effectively building an invoice reconciliation and payment (IR&P) case for action, and selecting the right provider for your company.
SOX management reports, an accounts payable code of conduct, flowcharts and risk assessment checklists provide AP professionals vital resources for keeping their organizations SOX compliant -- without getting bogged down in creating processes from scratch.
The report features Accounts Payable success stories, key drivers influencing AP process transformation, and Aberdeen's recommendations for successful system deployment.