You’ve got to spend money to make money and, at any given time, your business undoubtedly owes someone something. Even if you’re a solo entrepreneur or an independent contractor, you’re likely ...

When it comes to building out a balance sheet, an organization’s accounts payable come into play. As you work through a balance sheet, you’ll need to determine whether accounts payable are an asset or ...

Investopedia contributors come from a range of backgrounds, and over 25 years there have been thousands of expert writers and editors who have contributed. Charlene Rhinehart is a CPA , CFE, chair of ...

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 ...