account payable

American  

noun

plural

accounts payable

1. a liability to a creditor, carried on open account, usually for purchases of goods and services.

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account payable British  

noun

1. accounting a current liability account showing amounts payable by a firm to suppliers for purchases of materials, stocks, or services on credit

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Etymology

Origin of account payable

First recorded in 1935–40

Example Sentences

It gets to classify the amounts it owes under supply-chain-finance programs as accounts payable, instead of debt.

From The Wall Street Journal

For Chavarria, the role on the politics committee set the stage for advancement through the chapter’s volunteer leadership ranks, while she worked professionally in accounts payable administrative roles.

From Los Angeles Times

Salaries and accounts payable must also be considered to come up with an accurate figure.

From Encyclopedia.com

Our knowledge workers in the office vary, with developers working remotely and accounts payable coming in a few days a week to process paperwork, to mention a few.

From Seattle Times

Your CEO will come in one day, and they’ll say, oh, we have this new AI powered tool that can do everything that the accounts payable department used to do.

From New York Times