accounts payable
Unpaid supplier invoices
Accounts payable refers to money a business owes to suppliers or creditors for goods and services received but not yet paid for.
It appears as a liability on balance sheets.
The accounting department that handles these obligations is also called accounts payable: She works in accounts payable.
Often abbreviated A/P or AP.
Exceptionally good or unpaid
balance · liabilities · accruals · commitments · encumbrance · indebtedness · aging · overdue
Master accounting record
- subledgerDetailed subsidiary account book
- journal entriesRecorded personal observations
- reconciliationRestoration of friendly relations
- accrualsAmounts accumulated over time
posting · debit · credit · adjustments · trial balance · double entry · audit trail · fiscal period
Those who sell goods
- suppliersThose who furnish goods
- payeesThose receiving remittances
- third-partyExternal, uninvolved entity
- purchase ordersFormal buyer-to-seller commitments
Payments made from funds
- outflowFluid exiting a system
- paymentsMoney given for obligations
- expenditureMoney paid out
- remittancesPayments sent abroad
transfers · settlements · withdrawals · allocation · distribution · reimbursement · funds · monies
- statementsExpressed claims or declarations
- vouchersRedeemable credit documents
- receiptsTransaction documentation
- chargesAmounts owed or alleged
expenses · dues · outlays · costs · batch processing
outstanding
Exceptionally good or unpaid
owing · balance · liabilities · accruals · commitments · encumbrance · indebtedness · aging · overdue · past due
general ledger
Master accounting record
- subledgerDetailed subsidiary account book
- journal entriesRecorded personal observations
- reconciliationRestoration of friendly relations
accruals · posting · debit · credit · adjustments · trial balance · double entry · audit trail · fiscal period · vouchers
vendors
Those who sell goods
- suppliersThose who furnish goods
- payeesThose receiving remittances
- third-partyExternal, uninvolved entity
disbursements
Payments made from funds
- outflowFluid exiting a system
- paymentsMoney given for obligations
- expenditureMoney paid out
remittances · transfers · settlements · withdrawals · allocation · distribution · reimbursement · funds · monies · payment terms
bills
- statementsExpressed claims or declarations
- vouchersRedeemable credit documents
- receiptsTransaction documentation
charges · expenses · dues · outlays · costs · batch processing
- business debtbank loan, commercial loan, credit line, line of credit, loan
- servicescleaning services, streaming, delivery services, salon, bellhop
- business financebalance sheet, revenue stream, profit margin, budget, net profit
- business termsfranchising, revenue stream, board meeting, gross margin, markdown
- debtscredit card debt, car loan, student loan, loans, bank loan
- financebank, CFO, banks, controller, finance
account, accounts, accountant, accounting, payable, accountants, accountancy, unaccounted, repayable