Accounts Payable in Accounting
Accounts payable in accounting refers to the payment process for goods or services from a supplier. The specific accounting activity/entry is known as Accounts Payable or AP for short. It’s also a commonly used name to describe the department/division responsible for making the payments to suppliers and other creditors on behalf of the organization.
"Automated processing hassignificantly increased our overall efficiency, shortened payment cycles and helped to improve the manageability of transactions."
AP Supervisor | Landstar System Inc.