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What’s the Difference Between Accounts Payable and Accounts Receivable?

  • FinSightAccounting
  • Oct 11, 2024
  • 1 min read

Updated: Oct 13, 2024


Accounting Nerd Answers "What’s the Difference Between Accounts Payable and Accounts Receivable?"

What’s the difference between accounts payable (AP) and accounts receivable (AR)?


Accounts Payable: Money your business owes to suppliers for goods or services you’ve received.


Accounts Receivable: Money owed to your business by customers for goods or services you’ve provided.


Both are crucial for managing cash flow and ensuring financial health. Need help with AP or AR automation? Let’s connect! 





 
 
 

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