As a short-term liability, corporations will typically pay off accounts payable (AP) in less than 12 months. If companies fail to pay the debt in time, they may fall into debt and default.

Accounts payable is a company’s obligation to pay ... depending on the repayment terms. AP is short-term financing that helps a company conserve cash by deferring payments for a time.

Investopedia / Alison Czinkota Accounts payable (AP) are often mistaken for a company's core operational expenses. However, they are presented on the company's balance sheet and the expenses that ...

Some small companies with multiple locations pay vendors, suppliers and service providers from each location. When that occurs, companies often duplicate efforts and functions. Companies that ...