Accounts payable

Banking Business Review  Jun 9  Comment 
AvidXchange, a fintech provider of accounts payable and payment automation for midsize companies, has partnered with Mastercard to offer accounts payable and payment automation to small and midsize businesses.
Benzinga  Mar 30  Comment 
As ATM cards are poised to disappear, “Venmo” becomes a verb and the fintech space moves closer to a world of frictionless payments, it feels like fintech is everywhere. Now, Sourcery, a digital payments platform, is working to bring...
TechCrunch  Mar 20  Comment 
 As any fan of Kitchen Nightmares may know, the restaurant business is not for the faint of heart, nor is it likely to generate fat margins. Now, a startup called PlateIQ has raised $4 million in new funding to help...
Forbes  Mar 7  Comment 
The use of virtual credit cards is taking off and businesses are using them to generate cash rebates, add an enhanced level of security and fraud protection, streamline the accounts payable process, and manage cash flow.
TechCrunch  Nov 15  Comment 
 There is nothing sexy about procurement but it’s an essential task in the day-to-day life of virtually any business, not-for-profit and school. Vancouver, Canada-based Procurify wants to take some of the pain out of this process with the help...
Clusterstock  Oct 7  Comment 
This story was delivered to BI Intelligence "Payments Briefing" subscribers. To learn more and subscribe, please click here. Payment automation technology firm MineralTree announced a strategic alliance with Visa that will give more of...
The Economist  Sep 15  Comment 
Where cash is still the raj PEOPLE respond to incentives. But as economists have long recognised, often not in the way they were supposed to. Take an odd Indian phenomenon: bank branch managers have personally been donating tiny amounts of...
Forbes  Aug 8  Comment 
Irving Materials embraced a spirit of innovation last year when its finance team decided to move in fewer than three months to Oracle ERP Cloud for its general ledger and accounts payable system.
Forbes  Jul 21  Comment 
Fallout comes for Harvey and Mike on this week's episode of Suits.
Cloud Computing  Jan 12  Comment 
Intelligent accounts payable is rapidly transforming by better managing exceptions, adopting fuller automation, and implementing end-to-end processes that leverage connected business networks. We’ll explore how intelligent AP is rapidly...


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Accounts payable are short term debts that a business owes to creditors for products and services

Accounts payable (also known as "Payables" or AP) reflects debts by a company that have yet to be paid. This may include pending purchase orders, unpaid bills, or services rendered by an outside contractor on which payment is, for some reason, pending.

While accounts payable are listed as a liability on the balance sheet they do not actually affect cash flow as the money has yet to change hands. When accounts payable are paid off, it represents a negative Cash flow for the company. When companies are unable to meet their accounts payable obligations, they are considered to be in default.


Examples of accounts payables are

  • Unpaid invoices
  • Bills
  • Statements for goods or services rendered by outside contractors, vendors or suppliers

in any kind of business two type of works are happening in general one is reciept s ide on which it is shown how much money has been recieved from sales and other sources, while on the other hand is payment side which shows how much payments are made for purchases and other things. since, all the reciepts, all the money, is not collected at the time of transaction becouse there will always be some people who will not pay you at spot they will pay you after some time, may be end of month, end of certain transaction etc.there for to eliminate the confusion as how many reciepts has been collected and how many are pending, one simple step is done in which you simple make all the recipets as ACCOUNT RECIEVABLE, if some reciepts are colelcted at the spot its deducted from the ACCOUNT RECIEVABLE and the balance of ACCOUNT RECIEVABLE shows a clear picture of how much is to be recieved more.Th similar process goes on with the ACCOUNT PAYABLE, that you may not pay all the bills on spot, you may pay some bills on spot and some at later stage, there for what you do is that you put all of your payments in ACCOUNT PAYABLE, from there those payments which you have amde on spot will be deducted and rest/balance will show the status of amounts that you have to pay and it will appear as ACCOUNT PAYABLE.

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