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Benefit Of Accounts Payable Software
Manage episode 340693616 series 2559685
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Accounts payable is a company's debt to its suppliers. When you purchase supplies from a supplier, you have to pay them back within a certain period of time. The amount of time that a company has before it accrues interest on those debts is called accounts payable days, and it's the amount of time that a company has to pay its suppliers before interest is accrued on those debts.
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