Payables | definition of payables by Medical dictionary
accounts payable (redirected from payables)
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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.
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.
the monies owed to other accounts by the practice and to be paid during the month.
the accounts that owe the practice money and which can be expected to pay during the month.
References in periodicals archive
In order to effectively manage global working capital, the customer-to-cash (composed of credit risk and receivables management) and the procure-to-pay (composed of procurement and payables
management) processes need to be streamlined.
The Trade Payables
program significantly reduces DSO from the traditional net of 30, 60, 90 days to now two or three days.
Unlike cash-method payables
, the working-capital loan constitutes a "liability.
Some of these compound instruments may combine only a few fundamental instruments; for example, a callable zero-coupon bond combines (from the issuer's perspective) an unconditional payable
and a call option held.
Recognizing that adoption by the supplier community is critically important to successfully streamlining the A/P process, Emergis e-Invoicing for Payables
is supported by Fast Lane, a comprehensive adoption program designed to accelerate a return on the solution's investment.