Trade Accounts Payable is the money a business owes to its suppliers for goods or services purchased on credit. It is recorded on the balance sheet as a liability and reported in the income statement as an expense. With Trade Accounts Payable, businesses can manage their cash flow more efficiently by extending payment terms to their suppliers. This helps preserve working capital and free up cash for other investments or operations. Maintaining healthy trade relationships with suppliers is essential – so it pays to stay on top of your Trade Accounts Payable!