Accounts Payable

Accounts payable (AP) refers to the amount of money that a business owes to its suppliers or creditors for goods or services purchased on credit.

Accounting and Finance

What is Accounts Payable?

Accounts payable (AP) refers to the amount of money that a business owes to its suppliers or creditors for goods or services purchased on credit. It represents the short-term liabilities of a company, indicating the amount it owes to vendors, suppliers, or service providers for goods received or services rendered but not yet paid for.

Developed based on actual NetSuite user requests, ZoneCapture is a native NeSuite accounts payable solution that uses a combination of OCR and AI technology to reduce manual entry by up to 83%, eliminate human error, and enhance your existing NetSuite workflows and customizations.

Recommended terms

Account Reconciliation

Account reconciliation is the process of comparing two sets of records to ensure their accuracy and consistency.

Accounts Payable Days

Accounts Payable Days (AP Days), also referred to as Days Payable Outstanding (DPO), is a financial ratio that measures the average time a company takes to pay its suppliers or vendors for credit purchases.

Advanced Revenue Management (ARM)

Advanced Revenue Management (ARM) refers to a set of strategies and practices used by businesses to automate, streamline, and ensure accurate revenue recognition according to accounting standards.

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