Define: Accounts Payable

UK Accounting Glossary

Definition: Accounts Payable

Quick Summary of Accounts Payable

Amounts due for payment to suppliers of goods or services, also described as trade creditors.

What is the dictionary definition of Accounts Payable?

Dictionary Definition

Accounts payable is money owed by a business to its suppliers shown as a liability on a company’s balance sheet.


Full Definition of Accounts Payable

Accounts payable is money owed to suppliers who have sent your business goods, or supplied it with services, who you haven’t yet paid. These are also known as trade creditors.


Examples of Accounts Payable in a sentence

Long term accounts payable shall be accounted at actual amounts.

All the accounts payable balances were aged within 90 days.

Cite Term

To help you cite our definitions in your bibliography, here is the proper citation layout for the three major formatting styles, with all of the relevant information filled in.

Page URL
Modern Language Association (MLA):
Accounts Payable. Payroll & Accounting Heaven Ltd. November 22, 2019
Chicago Manual of Style (CMS):
Accounts Payable. Payroll & Accounting Heaven Ltd. (accessed: November 22, 2019).
American Psychological Association (APA):
Accounts Payable. Retrieved November 22, 2019, from website:

Definition Sources

Definitions for Accounts Payable are sourced/syndicated from:

  • A Dictionary of Economics (Oxford Quick Reference)
  • Oxford Dictionary Of Accounting
  • Oxford Dictionary Of Business & Management

This glossary post was last updated: 18th December 2018.