Meaning of “accounts payable” in the English Dictionary

"accounts payable" in Business English

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accounts payablenoun

uk us

[ plural ] also UK creditors, also US payables ACCOUNTING the amounts in a company's accounts that show money that it owes, for example to suppliers (= companies that have sold them things):

Accounts payable were $676 million lower as of the middle of this year compared to a year ago.
See also

[ U ] WORKPLACE the department in a company responsible for paying money that it owes, for example to suppliers (= companies that have sold them things):

He was promoted to a better-paying job in accounts payable after taking computer classes.

(Definition of “accounts payable” from the Cambridge Business English Dictionary © Cambridge University Press)