Accounts payable is a company's debt to its suppliers. When you purchase supplies or inventory from a supplier, you have to pay them within a certain period of time. The time period between when you buy something from a supplier and when you pay for it is called accounts payable days, and it’s the amount of time that a company has to pay its suppliers before it accrues interest on those debts.
The accounts payable process involves billing and paying suppliers for the products and services they provide. The most common way of doing this is either manually or electronically.
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