What is accounts payable?

Definition of accounts payable

Accounts payable is money owed to suppliers who have sent your business goods, or supplied it with services, who you haven't yet paid. These are also known as trade creditors.

It's the end of the tax return as we know it! Find out about HMRC’s Making Tax Digital plan and how it will affect you with our free guide.

Got questions? Ask Emily!

FreeAgent's Chief Accountant Emily Coltman is available to answer your questions in the comments.