Some examples of word usage: accounts payable
1. The accounts payable department is responsible for managing all outstanding invoices and payments to suppliers.
2. The company's accounts payable balance is currently at $50,000.
3. It is important to reconcile accounts payable regularly to ensure accuracy in financial records.
4. The accounts payable clerk is in charge of processing invoices and issuing payments.
5. The accounts payable aging report shows all outstanding invoices and their due dates.
6. The accounts payable process involves verifying invoices, obtaining approvals, and issuing payments.
7. The accounts payable software has streamlined the payment process and reduced errors.
8. The accounts payable team works closely with vendors to resolve any payment discrepancies.
9. The accounts payable turnover ratio measures how quickly a company pays its suppliers.
10. Proper documentation is essential for auditing the accounts payable records.