payment of accounts
11Accounts Payable - AP — An accounting entry that represents an entity s obligation to pay off a short term debt to its creditors. The accounts payable entry is found on a balance sheet under the heading current liabilities. Accounts payable are often referred to as… …
12accounts payable — is money you owe to suppliers and other business creditors as a result of purchases of stock and other expenses such as overheads and taxes. Glossary of Business Terms A category of liabilities that represents funds due to creditors. Usually,… …
13accounts receivable — a record of what is owed to you. All of the credit accounts the record of what each customer owes you taken together are your accounts receivable . Glossary of Business Terms An asset account that reflects amounts due from private persons or… …
14Accounts Receivable Conversion - ARC — A process that allows paper checks received in payment for an account receivable to be electronically scanned and converted into an electronic payment through the Automated Clearing House. ARC saves time and the expense of actually processing the …
15payment — I (New American Roget s College Thesaurus) Act of paying Nouns 1. payment, defrayment; discharge, remission; acquittance, quittance; settlement, clearance, liquidation, satisfaction, reckoning, arrangement, restitution, repayment, reimbursement;… …
16Accounts Receivable Subsidiary Ledger — An accounting ledger that shows the transaction and payment history separately for each customer to whom the business extends credit. The balance in each customer account is periodically reconciled with the accounts receivable balance in the… …
17Accounts Receivable Insurance — A form of credit insurance offered by commercial insurers to businesses. Accounts receivable insurance can take the form of multi buyer insurance (a pool of receivables) or key buyer insurance. Accounts receivable insurance can be particularly… …
18payment banks — These are CREST Participants who guarantee payment for securities delivered to their client via CREST. Payment banks respond to instructions from members CMAs (see Cash Memorandum Account). All cash movements are effected outside CREST by… …
19payment in advance — prepayment Payment for goods or services before they have been received. In company accounts, this often refers to rates or rents paid for periods that carry over into the next accounting period …
20accounts receivable — /əkaʊnts rəˈsivəbəl/ (say uhkownts ruh seevuhbuhl) plural noun Commerce business credits for which payment has not yet been received, resulting from sales to customers …
