Accounts payable are the amounts a business owes its suppliers for purchases made on credit. Accounts payable payment period measures the average number of days it takes a business to pay its accounts ...

When you buy inventory from suppliers, you typically pay at a later date. The amount of your company's accounts payable is the money you owe to suppliers. The average time it takes to pay your ...

Sean Ross is a strategic adviser at 1031x.com, Investopedia contributor, and the founder and manager of Free Lances Ltd. Somer G. Anderson is CPA, doctor of accounting, and an accounting and finance ...