Accounts Payable
Accounts payable is the money a business owes suppliers. It connects purchase and receipt evidence to supplier bills and payment obligations.
A worked example
A practical example to make the concept clear.
| Step | Illustrative record and result |
|---|---|
| Starting record | Supplier bill BILL-DEMO-03: 80,000 IQD, linked to an agreed purchase and receipt. |
| Change or calculation | The approved payment is 30,000 IQD and is allocated to this bill. |
| Meaning and exception | Remaining payable: 80,000 − 30,000 = 50,000 IQD. Check the bill, receipt and approval before paying the balance. |
Why it matters
A supplier balance tells finance what remains owed. Matching the bill to the agreed purchase, accepted quantities and approval helps explain why the obligation is payable.
Make it practical
What evidence must a supplier bill match before payment is approved? Test the answer with the exact release and application package under consideration. Explore Datrylo applications.