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.
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