What is Accounts Payable (AP)?

Accounts payable is the amount a business owes its suppliers. The balance sheet of a company indicates this amount as a liability. As a function, the Accounts Payable department ensures that the organization pays its invoices appropriately. Learn more about accounts payable services.

Related Terms

What is Accounts Receivable (AR)?What is Acquisition Cost?What is Active External Integration?What is Added Value?What is AP Automation?