Accounts payable

It is the part of Dynamics 365 Finance that manages money the company owes vendors, from receiving a vendor bill through verification, approval and payment to recording the final settlement, keeping the full history of each invoice connected. · From the episode: Dynamics 365 Accounts Payable - Simply Explained

Accounts Payable tracks money your company owes vendors, such as an invoice for printers you bought. Accounts Receivable tracks money customers owe you, such as an invoice for desks you sold. · From the episode: Dynamics 365 Accounts Payable - Simply Explained

Companies usually receive goods or services first and pay later, so the unpaid amount becomes a liability. Accounts Payable gives finance visibility into what has been paid and what must still be paid. · From the episode: Dynamics 365 Accounts Payable - Simply Explained

To pay the right vendor, the right amount, on the agreed date. Paying too early reduces cash sooner than necessary, paying late can cause disputes or worse terms, and wrong amounts create extra work. · From the episode: Dynamics 365 Accounts Payable - Simply Explained

The invoice is verified, matched with purchase orders and receiving, approved by the right people, scheduled in a payment run and finally paid and settled, with all steps connected in Dynamics 365. · From the episode: Dynamics 365 Accounts Payable - Simply Explained