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Accounting Handbook: Explaining the Term “Account Payable”

The term Bizzi x Profin

Account Payable – Khoản phải trả (còn được gọi là phải trả người bán) là số tiền mà doanh nghiệp nợ nhà cung cấp đối với hàng hóa hoặc dịch vụ được mua theo hình thức trả chậm.

Account Payable – Khoản phải trả là gì?

Accounts payable, also known as accounts payable, is formed when a business buys goods or services from suppliers by deferred payment.

Accounts payable are expected to be paid off within one year or within one business cycle (whichever is shorter). Accounts payable are recorded on the company's balance sheet under the category of short-term liabilities. 

Features of Accounts Payable

Accounts Payable and Accounts Receivable

Receivables represent amounts owed by a business to customers and are recognized as assets. In contrast, accounts payable is the amount that the business owes to others, and is recorded as a liability. 

In a business relationship, one business's payable may be another's receivable. For example, business A sells goods to business B by deferred payment. Then, at enterprise A, a receivable will arise, and at the same time, enterprise B will also form a payable.

Accounts Payable Turnover Analysis

The payables turnover ratio is a measure of short-term solvency, used to determine how quickly a business pays its suppliers. This metric represents the number of times a business pays off its accounts payable within a certain period of time, usually a year.

Analysts rely on this index to see how businesses have used the credit policy of suppliers. Too low accounts payable turnover ratio can negatively affect the reputation of the business with suppliers.

Trên đây là các thông tin liên quan đến thuật ngữ “Account Payable”. Bên cạnh đó, để giúp kế toán giảm tải các thao tác thủ công, số hóa quy trình hoạt động kế toán – tài chính trong tổ chức Bizzi tiên phong ra mắt Nền tảng quản lý chi phí tinh gọn cho doanh nghiệp.

With a solution to automate bill processing using AI artificial intelligence and process automation using RPA robots, Bizzi has become the name mentioned as an effective right-hand man for the accounting team in the community. Vietnamese businesses thanks to touching the "pain" of companies in invoice processing and cost management. 

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