Accounts payable (AP) is an account within the general ledger that represents a company’s obligation to pay off a short-term debt to its creditors or suppliers. We can also say that “AP” is the business department or division of the company that is responsible for making payments owed by the company to suppliers and other creditors.
Every entity needs an accounts payable department and its structure depends upon the size of business. Accounts payable department based on the no. of invoices, payments, vendors etc. and to manage the department, employees, capital investment, operational cost etc. have to incur by the management. Nestor consulting provides best accounts payable services to our clients with competitive price.