This glossary uses Visual Finance™ to bring financial terms to life. Each example shows data from the Round Number Company, a fictional business with simplified figures to make learning easier. For more details, visit 'How to Read Visual Finance'.
Accounts Payable is the money you owe to your suppliers and vendors. It is part of Current Liabilities.
See Days Payable Outstanding (DPO) to see to understand how long you hold onto cash before paying suppliers.
Also called Payables. Often called Creditors outside North America.
The above is our generic explanations of common corporate financial terminology. Actual meanings can vary widely from company to company; in order to have the correct internal definition you need to ask your Finance Department, "What do you mean by that?"
term list.