Accounts payable

RECENT NEWS
Marketwire  May 15  Comment 
ATLANTA, GA -- (Marketwire) -- 05/15/12 -- The Accounts Payable Network is pleased to introduce its first ever interactive ONLINE training for the IOMA /TAPN AP Certification Program. The class is taught over two afternoons by our most popular
Cloud Computing  May 9  Comment 
SciQuest, Inc., (NASDAQ: SQI) a leading provider of on-demand source-to-settle solutions, today announced that it will be demonstrating its Accounts Payable solution at the Institute of Financial Operations’ Fusion ...
Cloud Computing  Apr 26  Comment 
SciQuest, Inc., (NASDAQ: SQI) a leading provider of on-demand source-to-settle solutions, today announced a new Accounts Payable offering as part of its “source-to-settle” solution suite. The new product features expanded...
Marketwire  Mar 12  Comment 
ATLANTA, GA -- (Marketwire) -- 03/12/12 -- The Accounts Payable Leadership Conference, sponsored by The Accounts Payable Network, will begin in less than one month. The early-bird registration discount expires Friday, March 16, 2012. Held at the Eden
Cloud Computing  Feb 7  Comment 
Transcepta, the leading global procure-to-pay (P2P) network, today announced that Manheim selected Transcepta to simplify Manheim's accounts payable process and eliminate the costs associated with paper transactions. read more
Marketwire  Oct 17  Comment 
ATLANTA, GA -- (Marketwire) -- 10/17/11 -- Congress has passed several pieces of legislation that go into effect this year and next year that will significantly impact every U.S. Organization that issues 1099-MISC forms. It is not business as usual.
Marketwire  Sep 7  Comment 
ATLANTA, GA -- (Marketwire) -- 09/07/11 -- The Accounts Payable Network (TAPN) announces The AP Productivity Summit, a highly effective and inexpensive way for AP departments to learn innovative productivity-improvement and cost-saving tips that will
Banking Business Review  Jul 15  Comment 
JP Morgan's Commercial Card Solutions unit has enhanced its accounts payable (AP) automation and working capital portfolio with enhancements to single-use accounts (SUA) and integrated supply chain financing offerings.
Banking Business Review  Mar 30  Comment 
Citi's Global Transaction Services and Syncada from Visa network have formed partnership, to provide Citi's clients with a specialized solution for managing transportation accounts payable.
The Economic Times  Mar 8  Comment 
It will provide account payable services pan-India for all the 22 circles of Tata Teleservices from its existing delivery centres.




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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

Examples of accounts payables are

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