What is Accounts Payable Terminology?

What is Accounts Payable Terminology?

Blog Article

Accounts payable terminology refers to the essential terms and phrases used in managing a company's financial obligations to vendors and suppliers. Understanding key concepts like purchase orders, invoices, early payment discounts, and accruals can help streamline the accounts payable process.

From managing outstanding debts to ensuring timely payments, these terms are crucial for efficient business operations. Visit Serina.ai’s Accounts Payable Glossary to explore a comprehensive list of terms, ensuring your finance team is well-equipped with the right knowledge.