Accounts Payable vs Accounts Receivable : What's the Difference?

account payable  The accounts payable department posts journal entries into the general ledger A journal entry contains all of the information needed to record An accounts payable specialist is there to make sure all bills are paid in an efficient and timely manner These financial specialists provide administrative

Accounts payable examples · Raw material purchases · Transportation and logistics · Assembling and subcontracting works · Travel expenses · Equipment · Leasing  How does an accounts payable process work? · Your company submits a purchase order or signs a contract with a vendor · Goods or services are

Accounts payable involves all payments a company owes suppliers for goods purchased or services received, regardless of whether they are Accounts payable is a current liability that a company received goods or services on credit from vendors AP is also a department & job