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domain	hesab.af
summary	The term "Account Payable," or "AccountPay" for short, refers to the money that businesses owe to their suppliers for goods and services purchased on credit. Essentially, it is a part of a company's financial records which reflects the outstanding amounts that need to be paid off in the near future. Companies use this system as a convenient way to manage cash flow by purchasing inventory or resources without immediately settling the bill. This allows them time to sell products or services and generate income before making the actual payment. The "Account Payable" concept is crucial for businesses to maintain healthy relationships with their suppliers, avoid late payment fees, and ensure smooth day-to-day operations.
title	AccountPay
description	AccountPay
keywords
upstreams	algorand.foundation
downstreams
nslookup	A 104.26.2.8, A 172.67.72.4, A 104.26.3.8
screenshot
created	2024-03-01
updated	2024-03-01