What is Accounts Payable? Understanding Its Importance
Every business runs on trust and timing, and nothing shows this better than how companies handle accounts payable. You might expect this just means paying a few bills, but accounts payable make up a company’s biggest short-term debts and are usually due in 30 to 60 days. What surprises most people is that these routine transactions shape cash flow, financial stability, and even the relationships a company has with its suppliers.