<topic sku="biz" tNum="288177" author="a-gabr" xmlns="x-schema:hhTopicSchema.xml"><index><title>Learn about accounts payable</title><category></category><klink type="cncpt">Tell me about accounts payable</klink></index>
<content>
<p>Accounts payable is a list of amounts your business owes in the ordinary course of business for expenses such as utilities, supplies, and inventory. Unlike accounts receivable, accounts payable is not a separate account in Money. Instead, it is a list of business bills.</p>
<p>Money has two accounts payable reports. The Payables by Vendor report shows the details of your upcoming payments by vendor. The Scheduled Bills report shows the due dates and amounts of your upcoming business bills.</p>
<p>If you use the accrual method of accounting, the total amount your business owes on a certain date is shown as <emph>Accounts Payable</emph> under <emph>Current Liabilities</emph> on the <glossary>Balance Sheet</glossary>. If you use the accrual method of accounting, bills you owe are reported as liabilities and expenses are reported as you incur them. If you use the cash method of accounting, outstanding bills do not affect your financial statements. <alink type="cncpt" href="Learnthedifferencebetweencashbasisandaccrualbasisaccounting.xml"/></p>
</content>
<footer>
<extend>
<tease>How do I see the details of a single business bill?</tease>
<li>Click a bill on the list, click <emph>Edit</emph>, and then click <emph>Edit bill series</emph> or <emph>Edit a single bill occurrence</emph>.</li>
