Accounts Payable

Metadata

  • Id: bs_acct_payable
  • Type: fundamentals
  • Subtype: balance_sheet
  • Units: currency
  • Decimal Points: 0
  • Currency Convertible: Yes
  • Tags: “accounts payable”, “money owed to suppliers”, “unpaid invoices”, “short-term credit obligations”, “current liability for goods or services”

Description

The amount of money that a company owes to its suppliers or vendors for goods or services that have been received but not yet paid for. Accounts payable are recorded as a current liability on the balance sheet and represent short-term credit obligations. Accounts payable are usually paid according to the agreed-upon terms and conditions with the suppliers.