accounts payable


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Related to accounts payable: general ledger, accounts receivable

Accounts payable

Money owed to suppliers.

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.

accounts payable

Money a business owes to others. Accounts payable are current liabilities incurred in the normal course of business as a firm purchases goods or services with the understanding that payment is due at a later date. If a firm pays cash for all of its purchases, no accounts payable will appear on that firm's balance sheet.

accounts payable

see CREDITORS.
References in periodicals archive ?
To learn more about Procurify Accounts Payable user-driven, easy-to-use mobile and cloud platform, visit http://www.
With its Accounts Payable and full suite of cloud-based business automation solutions, SciQuest is empowering higher education institutions like The University of Montana to turn spending into a source of savings.
They are advanced users of our FirstStrike(R) suite of accounts payable software and regular participants in the APEX Analytix Benchmark Survey for global accounts payable organizations, consistently outranking their large, multinational peer companies in key areas of the survey.
Database software can analyze the accounts payable data files to identify purchases in which overpayments of tax would most likely occur.
Paper invoice processing presents an enormous opportunity to deliver cost savings and efficiency improvements to an organization's accounts payable department," said Max Leisten, market director, SciQuest.
Daily news e-alerts, online forums, case studies, webinars, an annual members conference, publication excerpts, and job boards augment a massive online library IOMA has accumulated over 12 years of research into the accounts payable area.
Data Importing/Exporting -- New importing features make payroll setups easier--bringing in set-up data from Microsoft Excel[R] or comma-separated values (CSV) files, sending data to clients or vendors, sending general ledger data in CSV or QuickBooks[R] format, sending positive pay to a bank, importing bank deposits, importing accounts payable vendors, etc.
NASDAQ: SQI) a leading provider of on-demand source-to-settle solutions, today announced a new Accounts Payable offering as part of its "source-to-settle" solution suite.
com)-- Corcentric, a leading provider of Accounts Payable automation solutions, today announced Rob DeVincent, VP of Product Marketing for Corcentric, will be speaking at IQPC's 2011 Finance Transformation conference.
The Accounts Payable Network (TAPN), an Atlanta-based provider of Web-based A/P services, research and tools, has released a full-fledged version of its Tools Suite.
DALLAS, June 22 /PRNewswire/ -- Global 360, a leading provider of business process management (BPM) and optimization solutions, today announced the addition of an Accounts Payable Solution Template to its Global 360 Enterprise BPM suite.
With ASPEN for Accounts Payable, we're taking on the most labor-intensive elements of invoice processing," said Rick Kushel, President and CEO of Fairfield, N.

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