from Wiktionary, Creative Commons Attribution/Share-Alike License
- n. debts and liabilities owed by a business
from the GNU version of the Collaborative International Dictionary of English
- n. money that a person or organization expects and is obligated to pay on notes and accounts.
from WordNet 3.0 Copyright 2006 by Princeton University. All rights reserved.
- n. money that you currently expect to pay on notes and accounts
Sorry, no etymologies found.
In the governmental funds, where most municipal accounting occurs, daily accounting activity is in the areas of revenue, expenditures, cash, cash receipts, cash disbursements, short-term payables, and short-term receivables.
This account includes accruals and payables to related entities, and does not include advances from related entities or current portion of long term payables unless in the nature of trade.
If you look at our sort of trade working capital, which is -- we define as payables, receivables and inventory, with these declines are 7. 7\% of sales versus
"Like most midsize companies, many dealerships are using manual processes for their accounts payables, which is fraught with errors and inefficiency," said
Reducing payables is an incremental task; shrinking the payables stack every month indicates a successful turnaround.
The basic premise when approaching a mounting pile of payables is that almost no one benefits when an arts organization goes bankrupt, especially creditors.
One important technique for cash-strapped organizations is developing a payables strategy.
Achieving a payables plan with each vendor can only be achieved if you are communicating with vendors.
But there are more sophisticated tools available for managing payables and every arts organization that is facing cash constraints and many are in this economic climate should, at least, explore them.
Most troubled arts organizations exert one form of payables control: they simply don't pay their bills on time.