Account Payable
Basically, account payable is one of accounting term used to define a file or account that contains money that a company owes to its suppliers or its vendors, but has not paid yet. Practically, when you receive an invoice, you add it to your future payment list and then you remove it when you pay. Or in the other way, account payable or A/P is a form of credit that suppliers/vendors offer to their purchasers or to your company by allowing them to pay for a product or service after it has already been received.
And this is a very simple blank form that you can use for your reference.
Author : Erik Harvey
