Accounts payable is a financial accounting term that refers to the current liabilities of a company for any outstanding obligations they have to another party. This generally occurs when the business ...

Investopedia contributors come from a range of backgrounds, and over 25 years there have been thousands of expert writers and editors who have contributed. Charlene Rhinehart is a CPA , CFE, chair of ...

Accounts payable departments often do more than simply pay incoming bills and invoices. In a larger business, accounts payable employees are often responsible only for the accounts payable side of ...