Accounts Payable

Definition

  • Money owed by a business for goods and services provided without pre-payment.

Synonyms
company expenses, bills, expenses

Acronyms
A/P, AP

Related Terms and Acronyms

  • Accounting Period (AP) Acronym, Important,
    • The time period used in a set of accounting books or financial statements, often 12 months.
  • Accounts Payable System (APS)Acronym,
    • Accounts Receivable (AR, A/R) Acronym, Important,
      • Money owed to a business by purchasers of goods and/or services.
    • Balance (bal.) Abbreviation,
      • The amount of money in your account.
    • Financing Expenses Definition,
      • Expenses sustained from interest payments, financing, and dividends to shareholders.
    • Gross Profit Margin Definition,
      • The difference between the sales your business generates and the costs you pay out for goods.
    • Retained Earnings Definition,
      • All of the profits or losses accumulated from prior years and from the present year's income statement, minus dividends paid to you.
    • Revenue Definition,
      • Money earned by a company from its business activities.
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