Accounts Payable
The money a business owes to its suppliers or vendors for goods and services already received but not yet paid for.
Accounts payable represents a business’s short-term obligations to its vendors, and how a business manages these payments, paying promptly versus stretching them out, directly affects both vendor relationships and reported cash flow.
Accounts payable is a key input in calculating days payable outstanding and the broader cash conversion cycle, since how long a business takes to pay its bills affects how much cash it has on hand at any given time.
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