Accounts payable are debts you incur based on your credit. Suppliers may offer you a discount for paying early or within terms. For example, a vendor might allow you 30 days to pay the invoice in full ...

A business is constantly buying things: supplies, inventory, raw materials, equipment. While some businesses transact only in cash, most purchase on credit, which requires an entry to accounts payable ...

Adam Hayes, Ph.D., CFA, is a financial writer with 15+ years Wall Street experience as a derivatives trader. Besides his extensive derivative trading expertise, Adam is an expert in economics and ...