Intercompany Payable is a type of business transaction that occurs when one company owes money to another company. It can be used to simplify complex international transactions, and it allows companies to transfer assets more efficiently and securely. When intercompany payables are used, the total amount owed between two companies automatically balances out; this eliminates the need to have individual accounts for each party. It also allows the companies involved to track their financial obligations accurately and in real-time. Intercompany Payable offers businesses an efficient way to manage their financial transactions and keeps them organized while lowering costs and maximizing profits.