Accounts payable is a liability account, and it is credited when recording transactions to represent amounts owed to suppliers or creditors for goods or services purchased on credit. This credit entry reflects the company’s obligation to pay these amounts in the future.
Reimagine Your Order-To-Cash with AI
Touchless Receivables. Frictionless Payments.
Recommended Digital Assets for You
Suggested Resources
Digital Order-to-Cash: A Roadmap to Credit Automation (Part 1: Onboarding the Customer)
Hyper Automation of (Accounts Receivable) AR Process with Digital Tools
Intelligent Order-to-Cash Through Analytics, Automation, and AI
Deloitte: Using AI & Analytics to Improve Finance Operations
Add AI to Your Order-to-Cash Process
AR Automation for JD EDwards
AR Automation for SAP
AR Automation for Oracle
AR Automation for NetSuite
AR Automation for PeopleSoft
