Accounts payable is an account within the general ledger representing a company's obligation to pay off a short-term obligations to its creditors or suppliers.

Organize your accounts receivable process effectively by using software for invoice tracking and automated reminders. Enhance client relationships through transparent payment portals and consistent ...

You record a $5,000 debit to customer ABC's account in the accounts receivable ledger. You record the payment as a $5,000 debit in the cash ledger and a $5,000 credit to customer ABC's account in ...

For instance, your accounts receivable reports may show $3,000, but your subsidiary ledger shows "$3,000 + $500 - $500" you would have not otherwise known there was an overpayment. Fraud ...