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 ...

The accounting cycle tracks a transaction until it’s added to your company’s financial statement. Follow this eight-step ...

Investopedia contributors come from a range of backgrounds, and over 25 years there have been thousands of expert writers and editors who have contributed. Charlene Rhinehart is a CPA , CFE, chair of ...

Accounts payable (AP) refers to the amount of money a business owes to its suppliers or vendors for goods or services received but not yet paid for. These are short-term liabilities that need to be ...

Basic accounting provides information to identify and classify financial transactions. Business owners often need basic accounting skills to manage their company's financial information. Business ...

Keeping track of the money your business owes its suppliers and vendors is crucial to its financial health and long-term viability. That’s why all businesses need an accounts payable reporting process ...

Accounts payable and payroll are both expense accounts that decrease a company's assets in an attempt to increase revenue for the business. These accounts are generally used by an accountant or the ...

Will Kenton is an expert on the economy and investing laws and regulations. He previously held senior editorial roles at Investopedia and Kapitall Wire and holds a MA in Economics from The New School ...