Accounts Payable (AP) = Money your business owes to suppliers/vendors for goods & services received but not yet paid. It’s a key part of Liabilities in the Balance Sheet. 📊 👉 The AP cycle looks like this: 1️⃣ Purchase Order (PO) issued 📝 2️⃣ Goods/Services received 📦 3️⃣ Invoice received 💳 4️⃣ Three-way match ✅ 5️⃣ Invoice approved 🏷️ 6️⃣ Payment processed 💵 7️⃣ Record keeping 📂 ⚡ Proper AP management = Better cash flow Strong vendor relationships! ❓Question for you: Do you think Account
Accounts Payable (AP) = Money your business owes to suppliers/vendors f…
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