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 ?

3526 or 'An Act Authorizing the Reversion of Unliquidated Balances of Accounts Payable Outstanding for Two Years or More and Presidential Decree No.

EO 87: All accounts payable still outstanding in NG agency books must revert to General Fund

Nvoicepay delivers automated accounts payable solutions to over 400 business clients, providing a simple UI that allows customers to electronically pay all of their suppliers.

FLEETCOR to expand corporate payments business with acquisition of Nvoicepay

As a result, evaluating trends in payables days is the best way to uncover the use of supply chain financing.

Fitch: Carillion Debt Classification Loophole May be Widespread

The Minister of State for Finance Rana Mohammad Afzal Khan stated amount of circular debt Rs472.68 billion payable to power generators wasn't included in the annual State Bank of Pakistan report of 2016-17.

Circular debt breaks all barriers, touches record Rs922 billion

The appropriate length of such a period should ordinarily depend on an auditor's risk assessment, based on the client's observed pattern of recording payables or making payments and current financial health under prevalent economic conditions.

A Proper Risk-Based Approach to the Search for Unrecorded Liabilities

Rob DeVincent has over 20 years of experience in designing and implementing Accounts Payable automation solutions.

Corcentric to Sponsor Lunch Event in New York City May 22nd: Top Five Changes Coming to Accounts Payable

Forward-thinking companies are gaining competitive advantage by managing payables flows for the benefit of their suppliers, not against them.

Spotlight shifts to money in the supply chain

ADP Tax & Financial Services, part of the Employer Services (ES) division of Automatic Data Processing Inc (NYSE:ADP) and a provider of integrated outsourced payroll, benefits and human resource services, announced on Tuesday (24 January) the availability of an automated accounts payable management solution.

ADP debuts in the accounts payable market

Typical functions that are outsourced can range from payroll to accounts payable to customer service.

Drive: take control of your business' profitability

In fact, the implementation of a Trade Payables program can effectively help credit managers to meet all of their credit and financial objectives.

Trade finance product enables credit managers to effectively manage DSO, credit risk and cash flow

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.

Contributing zero-basis accounts receivable to a cash-basis partnership

Use Tax Accrual-Traditional Invoice: This transaction involves a systems calculation only on payables invoices that do not include sales tax charged by the supplier (includes sales, seller's use, vendor's use, and retailer's use tax).