Day: November 10, 2023

Ibrahim Mashaka November 10, 2023Bookkeeping

What Is The Distinction Between Accounts Payable And Accrued Expenses Payable?

When getting acquainted with your balance sheet, there are two easy to confuse but very completely different liability accounts – accrued expenses and accounts payable. Accounts payable are tracked, invoiced funds to collectors that beforehand made credit-based sales to your organization. On the other hand, accrued expenses are