What is an account payable? It means it is an amount owed by the business to suppliers. Typically, it’s a company’s part of balance sheet. This sheet is under the liabilities that can be recorded in the company. Account payable is the ordinary bills from the company and other regular services. Large and small companies must be desired simply pay bills that is cashflow, whether the companies early payment and the cost to process this bill, so in most of the companies can develop a payable management strategy for our businesses. It helps to improve the company’s productivity. These payable systems can be used to describe the number of days that company takes a to pay a bill for employees. The company can track and pay the bills every monthly cheque, internet banking, or credit card. Accountants use the accounting software which flows money into liability account. Basis of account payable management, you can manage the accounts properly or effectively.