Accounts Payable vs. Accounts Receivable: The Fundamentals You Need to Know
What are typical examples of accounts payable transactions? Supplier invoices, utility bills, lease payments, and other expenses necessary for daily operations. It cannot be overstated that managing AP effectively can help businesses avoid penalties and maintain liquidity. Professionals who manage accounts payable are highly desired and can earn an average salary of around $45,000, depending on their industry and experience. Learn how to write an account payable resume with Cake . What is Accounts Receivable (AR)? Conversely, accounts receivable is