account payable

noun

plural accounts payable
: the balance due to a creditor on a current account

Examples of account payable in a Sentence

Recent Examples on the Web This is helpful for repetitive tasks associated with invoicing, order tracking, credit collections or reconciliations—freeing accounts receivable and accounts payable personnel to focus on more important, strategic initiatives. Mark Schwartz, Forbes, 21 Feb. 2024 Bautista, who lives in Temecula, Calif., was hired at Watkins as an accounts payable employee. Kinsey Crowley, Fortune, 25 Apr. 2023 Companies haven’t typically needed to disclose supply-chain financing arrangements, often recording the transactions as accounts payable in their financial statements. Jennifer Williams-Alvarez, WSJ, 9 Mar. 2023 The platform aims to help companies eliminate the need for manual account payable and accounts receivable processes. Gene Marks, Forbes, 1 May 2022 In 2017, Kathman discovered that Gorman had written several checks from his client trust account payable to herself, the opinion says. Kevin Grasha, The Enquirer, 1 July 2021 Under his direction, the store replaced the long accounts payable sheets with computers, but even technology could not balance the books. Shari Rudavsky, Indianapolis Star, 13 May 2020 In one of its simplest forms, a business email compromise operator will send an email posing as the chief executive officer to an accounts payable department with an urgent request to transfer funds or fulfill a fake invoice. William Turton, Bloomberg.com, 8 May 2020 Sanders later got a job with the company in 1997 and still works there in accounts payable at their Gilbert facility. Douglas C. Towne, azcentral, 10 Apr. 2020

These examples are programmatically compiled from various online sources to illustrate current usage of the word 'account payable.' Any opinions expressed in the examples do not represent those of Merriam-Webster or its editors. Send us feedback about these examples.

Word History

First Known Use

1812, in the meaning defined above

Time Traveler
The first known use of account payable was in 1812

Dictionary Entries Near account payable

Cite this Entry

“Account payable.” Merriam-Webster.com Dictionary, Merriam-Webster, https://www.merriam-webster.com/dictionary/account%20payable. Accessed 12 Apr. 2024.

Legal Definition

account payable

noun
account pay·​able
-ˈpā-ə-bəl
plural accounts payable
: the balance due to a creditor on a current account

More from Merriam-Webster on account payable

Last Updated: - Updated example sentences
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