Accounts Payable vs Accounts Receivable: What’s the Difference?
Aug 11, 2022 · Accounts Payable vs Accounts Receivable: Key Differences. For every sale or purchase, your business will either issue or receive an invoice. If you’ve provided the good or service, the finance team will note the amount you expect to be paid in accounts receivable. If you are paying the invoice, you’ll note the amount in accounts payable.
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