payables
Money you owe
Payables are amounts a business owes to suppliers, vendors, or creditors—bills that must be paid.
The term appears in accounting contexts, often as accounts payable: The company has $2 million in payables.
Payables represent the opposite of receivables, which are amounts owed to the business.
Amounts owed to others
- outstandingExceptionally good or unpaid
- dueOwed or expected
- unpaidNot yet compensated
- overduePast expected arrival
arrears · commitments · encumbrances · maturity · settlement
Those who furnish goods
- vendorsThose who sell goods
- creditorsThose owed payment
- merchantsThose who conduct commerce
- wholesalersBulk goods merchants
distributors · manufacturers · traders · retailers · importers · exporters · dealers · consignors
Financial record book
- journalRecord of daily events
- bookkeepingRecording financial transactions systematically
- postingPublishing content online
- entriesItems logged or submitted
debit · credit · accruals · reconciliation · adjustments
Charging for services rendered
- remittanceFunds sent elsewhere
- vouchersRedeemable credit documents
Payments made from funds
liabilities
Amounts owed to others
- outstandingExceptionally good or unpaid
- dueOwed or expected
- unpaidNot yet compensated
overdue · arrears · commitments · encumbrances · maturity · settlement
suppliers
Those who furnish goods
wholesalers · distributors · manufacturers · traders · retailers · importers · exporters · dealers · consignors · businesses
ledger
Financial record book
- journalRecord of daily events
- bookkeepingRecording financial transactions systematically
- postingPublishing content online
entries · debit · credit · accruals · reconciliation · adjustments
billing
Charging for services rendered
- remittanceFunds sent elsewhere
- vouchersRedeemable credit documents
disbursements
Payments made from funds
- financebank, CFO, banks, controller, finance
- departmentsdepartment, HR department, finance department, legal department, marketing department
- accountingbookkeeping, ledger, balance sheet, general ledger, accounts receivable
- accounting termsassets, cash, expenses, equity, retained earnings
- business accountingaccountant, accounts receivable, accounts, accrual, balance sheets
- liabilitiestax liability, short-term debt, long-term debt, accrued interest, tax liabilities
payablesreceivables
Outstanding amounts owed you
accounts receivable · assets · revenue · income · collections
- accounts payableOutstanding debts to suppliers