accounts payable

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Related to accounts payable: general ledger, accounts receivable

ac·counts pay·a·ble

(AP, A/P) (ă-kownts' pā'ă-bĕl)
The aggregate of money owed by the health care practice or hospital to its suppliers and employees.


the bill provided to the client by the veterinarian setting out the sums owing for services rendered.

itemized accounts
the provision of accounts for professional services in which all of the medicines, materials and services supplied are itemized. The disadvantage of the procedure is the opportunity that it provides to vexatious clients to argue with the charges. It is standard procedure to provide an itemized account if the client asks for one.
accounts payable
the monies owed to other accounts by the practice and to be paid during the month.
accounts receivable
the accounts that owe the practice money and which can be expected to pay during the month.
References in periodicals archive ?
With its Accounts Payable and full suite of cloud-based business automation solutions, SciQuest is empowering higher education institutions like The University of Montana to turn spending into a source of savings.
According to ADP, its Automated Accounts Payable solution allows companies to streamline their payables processes from invoice capture, routing, approval and matching, to electronic payment execution.
Database software can analyze the accounts payable data files to identify purchases in which overpayments of tax would most likely occur.
Paper invoice processing presents an enormous opportunity to deliver cost savings and efficiency improvements to an organization's accounts payable department," said Max Leisten, market director, SciQuest.
Our research indicates that the accounts payable automation market is still expanding, as organizations across industries continue to realize the time- and cost-saving benefits," said Henry Ijams, managing director and founder, PayStream Advisors.
Combine that with an almost equal amount of time spent in the corporate trenches of several large finance and treasury departments and you'll see why shes become known as Americas leading accounts payable expert.
Fusion 2011 is hosted by International Accounts Payable Professional (IAPP) and their sister organizations, International Accounts Receivable Professional (IARP) and TAWPI, the professional association for data automation professionals, and is the first event focused on the full spectrum of financial operations.
As a comprehensive, services-based solution, ASPEN for Accounts Payable handles every aspect of an organization's invoice processing, the company says.
The truth is that companies ignore accounts payable best practices at their peril and the impact is felt on your bottom line.
With ASPEN for Accounts Payable, we're taking on the most labor-intensive elements of invoice processing," said Rick Kushel, President and CEO of Fairfield, N.
By providing the automatic capture of receipts via bar code, the solution enables employees, managers and accounts payable specialists to intuitively access receipts online from within the familiar Oracle interface.
LONDON -- PROACTIS, the Spend Control and eProcurement software specialist, today released results of a survey demonstrating that Finance departments are being compromised by high-touch invoice processes and sub-standard performance in Accounts Payable.

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