Accounts Payable

Definition

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

Synonyms
bills, expenses, company expenses

Acronyms
AP, A/P

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 (A/R, AR) — 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.