Invoicing glossary
Accounts payable
Accounts payable (AP) is the money a business owes its suppliers for goods or services it has received but not yet paid for.
Accounts payable: a clear definition
Accounts payable is the mirror image of accounts receivable: it's a liability — invoices you've received and still need to pay. Managing it well means paying on time to keep good supplier relationships, without paying so early that you hurt your own cash flow.
Accounts payable in Invco
No. Invco is for the invoices you send, not the bills you receive. It tracks money owed to you (receivables); supplier bills belong in your accounting software.
Invco is invoicing software for people who run more than one company. Design your own invoice template or upload your existing invoice PDF, and Invco calculates subtotals, tax and totals, numbers each invoice sequentially and emails it as a branded PDF from your own address. Plans from $10/month.
Frequently asked questions
What is accounts payable?
Accounts payable (AP) is the money a business owes its suppliers for goods or services it has received but not yet paid for.
Does Invco track accounts payable?
No. Invco is for the invoices you send, not the bills you receive. It tracks money owed to you (receivables); supplier bills belong in your accounting software.
What is accounts receivable?
Accounts receivable (AR) is the money customers owe a business for goods or services already delivered but not yet paid for.
Invoice the easy way with Invco
Design your invoice template, send branded PDFs from your own email address, and see what's paid and overdue for every company. Plans from $10/month, with a full refund within 7 days.
Get started