{"id":999962728,"date":"2022-10-18T11:52:31","date_gmt":"2022-10-18T04:52:31","guid":{"rendered":"https:\/\/bizzi.vn\/?p=999962728"},"modified":"2026-06-03T23:41:06","modified_gmt":"2026-06-03T16:41:06","slug":"accounting-handbook-explaining-the-terms-accounts-payable","status":"publish","type":"post","link":"https:\/\/bizzi.vn\/en\/accounting-handbook-explaining-the-terms-accounts-payable\/","title":{"rendered":"Number of accountants: Explaining the term \u201cAccount Payable\u201d"},"content":{"rendered":"<p style=\"text-align: right;\"><em>The term Bizzi x Profin<\/em><\/p>\n<p style=\"text-align: right;\"><span style=\"font-weight: 400; color: #000000;\">Account Payable \u2013 Accounts payable (also known as accounts payable) is the amount a business owes a supplier for goods or services purchased on a deferred basis.<\/span><\/p>\n<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_80 counter-hierarchy ez-toc-counter ez-toc-grey ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Index<\/p>\n<span class=\"ez-toc-title-toggle\"><a href=\"#\" class=\"ez-toc-pull-right ez-toc-btn ez-toc-btn-xs ez-toc-btn-default ez-toc-toggle\" aria-label=\"Toggle Table of Content\"><span class=\"ez-toc-js-icon-con\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #999;color:#999\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewbox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #999;color:#999\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewbox=\"0 0 24 24\" version=\"1.2\" baseprofile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/span><\/a><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/bizzi.vn\/en\/accounting-handbook-explaining-the-terms-accounts-payable\/#Account_Payable_%E2%80%93_Khoan_phai_tra_la_gi\" >Account Payable \u2013 What is Payable?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/bizzi.vn\/en\/accounting-handbook-explaining-the-terms-accounts-payable\/#Dac_diem_cua_cac_khoan_phai_tra_Account_Payable\" >Features of Accounts Payable<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/bizzi.vn\/en\/accounting-handbook-explaining-the-terms-accounts-payable\/#Khoan_phai_tra_va_khoan_phai_thu\" >Accounts Payable and Accounts Receivable<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/bizzi.vn\/en\/accounting-handbook-explaining-the-terms-accounts-payable\/#Phan_tich_vong_quay_khoan_phai_tra\" >Accounts Payable Turnover Analysis<\/a><\/li><\/ul><\/nav><\/div>\n<h2><span class=\"ez-toc-section\" id=\"Account_Payable_%E2%80%93_Khoan_phai_tra_la_gi\"><\/span><span style=\"color: #000000;\"><b>Account Payable \u2013 What is Payable?<\/b><\/span><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p><span style=\"font-weight: 400; color: #000000;\">Accounts payable, also known as accounts payable, is formed when a business buys goods or services from suppliers by deferred payment.<\/span><\/p>\n<p><span style=\"font-weight: 400; color: #000000;\">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&#039;s balance sheet under the category of short-term liabilities.\u00a0<\/span><\/p>\n<p><img fetchpriority=\"high\" decoding=\"async\" class=\"wp-image-999962729 aligncenter\" src=\"https:\/\/bizzi.vn\/wp-content\/uploads\/2022\/10\/Payables-Accounts-300x200.jpeg\" alt=\"\" width=\"719\" height=\"479\" title=\"\" srcset=\"https:\/\/bizzi.vn\/wp-content\/uploads\/2022\/10\/Payables-Accounts-300x200.jpeg 300w, https:\/\/bizzi.vn\/wp-content\/uploads\/2022\/10\/Payables-Accounts-768x512.jpeg 768w, https:\/\/bizzi.vn\/wp-content\/uploads\/2022\/10\/Payables-Accounts.jpeg 846w\" sizes=\"(max-width: 719px) 100vw, 719px\" \/><\/p>\n<h2><span class=\"ez-toc-section\" id=\"Dac_diem_cua_cac_khoan_phai_tra_Account_Payable\"><\/span><span style=\"color: #000000;\"><b>Features of Accounts Payable<\/b><\/span><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400; color: #000000;\">Accounts payable is a form of capital appropriation of the business.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400; color: #000000;\">Accounts payable is recognized as a liability of the enterprise but no interest is incurred.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400; color: #000000;\">Accounts payable is recognized together with the purchase cost of the business. However, this does not affect the cash flow because in fact the business has not yet paid the supplier.<\/span><\/li>\n<\/ul>\n<h2><span class=\"ez-toc-section\" id=\"Khoan_phai_tra_va_khoan_phai_thu\"><\/span><span style=\"color: #000000;\"><b>Accounts Payable and Accounts Receivable<\/b><\/span><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p><span style=\"font-weight: 400; color: #000000;\">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.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400; color: #000000;\">In a business relationship, one business&#039;s payable may be another&#039;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.<\/span><\/p>\n<p><img decoding=\"async\" class=\"wp-image-999962730 aligncenter\" src=\"https:\/\/bizzi.vn\/wp-content\/uploads\/2022\/10\/Accounts-Payable-300x150.png\" alt=\"\" width=\"872\" height=\"436\" title=\"\" srcset=\"https:\/\/bizzi.vn\/wp-content\/uploads\/2022\/10\/Accounts-Payable-300x150.png 300w, https:\/\/bizzi.vn\/wp-content\/uploads\/2022\/10\/Accounts-Payable-768x384.png 768w, https:\/\/bizzi.vn\/wp-content\/uploads\/2022\/10\/Accounts-Payable.png 1000w\" sizes=\"(max-width: 872px) 100vw, 872px\" \/><\/p>\n<h2><span class=\"ez-toc-section\" id=\"Phan_tich_vong_quay_khoan_phai_tra\"><\/span><span style=\"color: #000000;\"><b>Accounts Payable Turnover Analysis<\/b><\/span><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p><span style=\"font-weight: 400; color: #000000;\">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.<\/span><\/p>\n<p><span style=\"font-weight: 400; color: #000000;\">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.<\/span><\/p>\n<p><span style=\"font-weight: 400; color: #000000;\">Above is information related to the term \u201cAccount Payable\u201d. Besides, in order to help accountants reduce manual operations, digitize the accounting-financial operation process in the pioneering organization Bizzi launched the Lean Cost Management Platform for businesses.<\/span><\/p>\n<p><span style=\"font-weight: 400; color: #000000;\">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 &quot;pain&quot; of companies in invoice processing and cost management.\u00a0<\/span><\/p>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"color: #000000;\"><span style=\"font-weight: 400;\">Learn more at: <\/span><a style=\"color: #000000;\" href=\"https:\/\/bizzi.vn\/\"><span style=\"font-weight: 400;\">https:\/\/signup.bizzi.vn<\/span><\/a><span style=\"font-weight: 400;\">\u00a0<\/span><\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400; color: #000000;\">Contact Info:<\/span><\/li>\n<\/ul>\n<p><span style=\"font-weight: 400; color: #000000;\">\u2013 Hotline: 028 6275 0321\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400; color: #000000;\">\u2013 Email: contact@bizzi.vn<\/span><\/p>\n<p><span style=\"font-weight: 400; color: #000000;\">\u00a0<\/span><\/p>\n<p>&nbsp;<\/p>","protected":false},"excerpt":{"rendered":"<p>Terminology Bizzi x Profin Account Payable \u2013 Accounts payable (also known as payables to sellers) is the amount of money that a business\u2026<\/p>","protected":false},"author":1,"featured_media":999962731,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"content-type":"","inline_featured_image":false,"footnotes":""},"categories":[54,1],"tags":[],"class_list":["post-999962728","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-so-tay-ke-toan","category-tin-tuc"],"acf":[],"_links":{"self":[{"href":"https:\/\/bizzi.vn\/en\/wp-json\/wp\/v2\/posts\/999962728","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/bizzi.vn\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/bizzi.vn\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/bizzi.vn\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/bizzi.vn\/en\/wp-json\/wp\/v2\/comments?post=999962728"}],"version-history":[{"count":1,"href":"https:\/\/bizzi.vn\/en\/wp-json\/wp\/v2\/posts\/999962728\/revisions"}],"predecessor-version":[{"id":999981019,"href":"https:\/\/bizzi.vn\/en\/wp-json\/wp\/v2\/posts\/999962728\/revisions\/999981019"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/bizzi.vn\/en\/wp-json\/wp\/v2\/media\/999962731"}],"wp:attachment":[{"href":"https:\/\/bizzi.vn\/en\/wp-json\/wp\/v2\/media?parent=999962728"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/bizzi.vn\/en\/wp-json\/wp\/v2\/categories?post=999962728"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/bizzi.vn\/en\/wp-json\/wp\/v2\/tags?post=999962728"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}