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account payable |
Also found in: Dictionary/thesaurus, Medical, Legal, Financial, Acronyms, Wikipedia, Hutchinson | 0.06 sec. |
account payableAny amount owed as the result of a purchase of goods or services on a credit basis. Although a firm making a purchase issues no written promise of payment, it enters the amount owed as a current liability in its accounts. Companies often incur this type of short-term debt in order to finance their inventories, especially in industries where inventory turnover is rapid. See also account receivable. How to thank TFD for its existence? Tell a friend about us, add a link to this page, add the site to iGoogle, or visit webmaster's page for free fun content. |
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* Accounts Payable -- UBCC has completely re-written its Accounts
Payable program to include enhancements, such as the ability to send ACH
payments, positive pay to a bank, hold payment on individual invoices,
print prior year's 1099s and more. Call the accounts payable person or controller and
find out exactly what information they need in order to process your
check. Accounts Payable Software and Recovery Audit Services Provider
Signs 11 of the Fortune 100; 22 of the Fortune 500
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