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Everything you need to know about accounts payable

ThomsonReuters

What are the main functions of accounts payable? If you are an accounts payable professional, your primary tasks revolve around tracking all cash flow and payments to vendors and suppliers. This is because retaining funds longer improves cash flow.

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Understanding accounts payable: FAQ

ThomsonReuters

Accounts payable entries result from a purchase on credit instead of cash. Current liabilities are due within 90 days or less. Is accounts payable an expense? The main difference between accounts payable and expenses is how they are recorded on a company’s financial statements.