How the Accounts Payable Process Works in 6 Basic Steps
https://www.business.org/finance/accounting/accounts-payable-process/
WEBMay 19, 2023 · Accounts payable refers to the amount of money a business owes to its suppliers and vendors for goods or services received. This can include things like inventory, raw materials, utilities, rent, and other business related expenses. Accounts payable is a liability on your balance sheet because it represents debt you owe to others.
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