Accounts Payable is an important business function that deals with all money owed by the company to its suppliers. This includes bills received from vendors, services rendered, and other expenses incurred in running a business. The Accounts Payable Function plays an integral role in ensuring the financial health of a business. By accurately tracking and managing all accounts payable, businesses can maintain accurate financial records, prevent overspending and late payment fees, and ensure timely payments of all vendor invoices. With a well-managed Accounts Payable Function, businesses can ensure their short-term obligations are taken care of and have the finances available for them to reach their long-term goals.