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Accounts Payable

Accounts payable are accounts created when you or your company buys something using credit (paying for your purchases later). The accounts payables process starts when you receive a bill or invoice from a supplier or from another party you owe money to (utilities, rent, membership fees, etc.). Almost all major banks offer an easy way to manage accounts payable, through a web portal. There are three popular ways to pay your account payables, by issuing a check, by subscribing to automatic withdrawals, or online through your bank account.