Accounts Payable vs. Accounts Receivable: What’s the Difference

Accounts Payable vs. Accounts Receivable: What’s the Difference is a rather common question. Many outside accounting don’t know what the difference between accounts payable and accounts receivable is. You will sometimes see it written as AP vs AR or AR vs AP. Most in #accounting and #accountspayable understand the nuances of #accountspayablevsaccountsreceivable

That being said, many don’t understand what's the difference between accounts payable and accounts receivable. They want to know accounts payable and accounts receivable meaning and that’s why they do this search. Accounts receivable and accounts payable the opposite sides of a coin, in a manner of speaking. Knowing what is accounts receivable and accounts payable is the basis for a decent accountant.

What is accounts receivable and payable is an often searched google question, sometimes written as ap vs ar or perhaps ar vs ap. Another way this issue is researched is through the google search payment receivable.

To bring the points home in this short talk, real-life examples of accounts payable and accounts receivable are included. Receivables and payables are key issues for most organizations as they relate to the cashflow of the company, which some refer to as its lifeblood. Payables and receivables are critical. Accounts billable is how a few refer to their receivables. Payments and billing must be kept up to date if the organization wishes to survive. The talk also includes real life accounts payable examples, as well as real life accounts receivable examples.

Link Finding Cash Hidden in Accounts Payable
https://youtu.be/fnpegmMJAE0

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Host: Mary Schaeffer (www.ap-now.com)