Accounts payable Definition: Accounts payable is one of a series of accounting transactions covering payments to suppliers owed money for goods and services. The average household performs this task by writing checks each month to such suppliers as the electric company, telephone company, cable TV or satellite dish service, the local newspaper, and so on.

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CCH Business Owner's Toolkit | Accounts Payable - Accounts payable are the unpaid bills of the business; the money you owe to your suppliers and other creditors. ... Accounts payable ledgers. Accounts payable ledgers will help you control your expenditures and payables. If you maintain accurate payable ledgers, it will be easy for you to double ...

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