Accounts Payable Statement is an accounting document that records all of a company’s liabilities and obligations to its creditors. It captures all the money owed by a business to suppliers or vendors in terms of goods or services purchased on credit. The documents contain the amount due, payment date and information about other transaction details such as discounts. In addition, the statement helps to keep track of payments made and manage overdue debts. By recording these liabilities, businesses can maintain accurate financial records and ensure their obligations are met in a timely manner.