Accounts payable is the money a company owes its vendors, while accounts receivable is the money that is owed to the company, typically by customers. When one company transacts with another on credit, one will record an entry to accounts payable on their books while the other records an entry to accounts receivable. It is important to pay close attention to your AP expenditures and maintain internal controls to protect your cash and assets and avoid paying inaccurate invoices. Maintaining an organized and well-run accounts payable process is key so you remain aware of the effect AP has on your bottom line. At a very favorable cost, Reveloop comes along site you to support you in the following AP functions: