On financial statements, your business income and your cash are not the same things. On the company income statement, accounts payable – the bills you haven't paid yet – is a negative entry, ...

Every business has an accountant who prepares financial statements on a regular basis. Management, creditors and stockholders use these statements to gauge the performance of the company and make ...

What Is the Difference between Accounts Receivable and Accounts Payable? Your email has been sent Accounts payable and receivable are required to ensure your cash flow and spending are appropriately ...