Learn the key differences between accrued expenses and accounts payable. Understand how businesses account for these costs and manage their financial obligations.

Accounts payable is a financial accounting term that refers to the current liabilities of a company for any outstanding obligations they have to another party. This generally occurs when the business ...

What is an Account Payable? The amount a company owes to vendors or suppliers in the short-term for goods or services the company received on credit. An account payable (AP) is a balance shown on a ...

Accounts payable represents a collection of financial documents reflecting a company's payments on short-term or recurring debts. The most important reports within accounts payable for a small ...

Sean Ross is a strategic adviser at 1031x.com, Investopedia contributor, and the founder and manager of Free Lances Ltd. Thomas J. Brock is a CFA and CPA with more than 20 years of experience in ...