: the balance due to a creditor on a current account
Examples of account payable in a Sentence
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The company's liabilities include accounts payable and accrued expenses totaling $4.6 million, lot sale obligations of $451,550, and convertible debt obligations of $1.6 million.—Quartz Intelligence Newsroom, Quartz, 12 Feb. 2025 An accounts payable clerk got a $5,000 raise, paid for by the Redevelopment Commission, on a 4-3 vote.—Doug Ross, Chicago Tribune, 7 Feb. 2025 Keener’s scheme involved misappropriating insurance reimbursement checks for supplemental repairs by writing off the work as a loss, indicating in the accounts payable system that the insurance company had refused reimbursement, according to court documents.—Nick Ferraro, Twin Cities, 6 Feb. 2025 Organizations can digitalize and automate the accounts payable process, enabling them to manage and accelerate invoice processing and comply with regional and global regulations.—Bil Khan, Forbes, 15 Jan. 2025 See All Example Sentences for account payable
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