Accounting Firms Price Guide
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Quick Guide to Payables
Payables, also referred to as accounts payable, are debts that need to be paid off within a set amount of time in order for a business to avoid default. In a companys accounting books, payables can be found on a balance sheet under the current liabilities heading.
Essentially, accounts payable refer to the obligation of a business to repay a short-term debt to its creditors.