Accounts payable is an entry in a company's general ledger representing what it has to pay to vendors or creditors in the short term. Because the accounts payable section of a company's ledger ...

Investopedia / Alison Czinkota Accounts payable (AP) are often mistaken for a company's core operational expenses. However, they are presented on the company's balance sheet and the expenses that ...

An efficient accounts payable (AP) process is a necessity for any business as it ensures that vendors and suppliers are paid on time and reduces waste by eliminating late fees and duplicate payments.

Additionally, Accounts Payable can send supporting documentation along with the check to aid in applying the payment accurately if additional attachments are not listed on the check remittance advice.