Discover how accounts payable function as short-term liabilities, not expenses, and learn how they impact a company's financial position and cash flow management.
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What is an accounts payable process?
Set up an accounts payable process to ensure vendors are paid on time, reduce duplicate payments, and maintain accurate financial records for your business.
Accounts payable represents money a company owes to suppliers for goods or services bought on credit. Effective management of accounts payable helps maintain cash flow and build supplier relationships ...
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