"Accounts payable" (AP) refers to an account within the general ledger representing a company's obligation to pay off a short-term obligations to its creditors or suppliers.
What does AP stand for in accounting?
Accounts Payable (AP) is an accounting term that refers to money owed to suppliers, vendors, or employees for goods or services purchased on credit. How do Accounts Payable work?
What is AP credit & how does it work?
AP is a form of credit that suppliers offer to their customers by allowing them to pay for a product or service after it has already been received. Suppliers offer various payment terms for an invoice. Payment terms may include the offer of a cash discount for paying an invoice within a defined number of days.
