Accounts payable

Accounts payable are amounts still owed to suppliers for goods or services received, commonly arising from purchases on credit. They differ from future purchasing commitments and payments already completed.[1]

Match invoices with receipts and track due dates. Purchasing inventory may increase payables before those goods enter cost of sales. Use outstanding balances to plan cash requirements, not as a complete measure of business expenses. Clearing a payable changes the liability and cash position rather than creating the same expense again.