Accounts Payable Information is a type of financial data that manages the money owed to external and internal creditors by an organization. It includes information on payments, invoices, discounts received, and credit terms agreed upon with each creditor. The term also encompasses all other internal processes related to accounts payable, such as tracking, analyzing, budgeting. This financial data helps organizations accurately track their expenses and cashflow, maximize returns on investments, stay in compliance with accounting standards and regulations, and make informed decisions about operations and future investments.