Accounts Payable

Importance: 0.43

Is a company: no

Is a proper noun: no

Synonyms

• expenses
• bills
• company expenses

Acronyms

• A/P
• AP

Definition of Accounts Payable

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

Related Terms and Acronyms

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