In Accounts What Is Payables?

Accounts payable (AP) are amounts due to vendors or suppliers for goods or services received that have not yet been paid for. The sum of all outstanding amounts owed to vendors is shown as the accounts payable balance on the company's balance sheet.

What are examples of accounts payable?

What are payables and receivables?

So, what is the difference between accounts receivable and accounts payable? Put simply, accounts payable and accounts receivable are two sides of the same coin. Whereas accounts payable represents money that your business owes to suppliers, accounts receivable represents money owed to your business by customers.