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Dictionary by pitch.dog
Assets, liabilities & equity · Core

Accounts payable

Also called: trade payables, AP

ELI5

Amounts owed to suppliers for goods or services received.

Used in conversation

“Finance will reconcile accounts payable before the board pack goes out.”

Pitch context

You will see “Accounts payable” in financial models, budgets, board packs and investor materials when the discussion reaches assets, liabilities & equity.

Why it matters: In assets, liabilities & equity, different calculation boundaries, periods or accounting treatments can change the number and the decision.

Caution

Calculation, recognition and disclosure can vary by accounting framework, company policy and reporting context.

When the words have to travel

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Sources & evidence · 4

Direct term-level sources and supporting source families.