Accounts Payable Reporting Method is a business term used in the financial industry. It refers to the method by which an organization reports all its transactions for payment, such as debits, credits and payments.
The accounts payable reporting method is set up to keep track of all the accounts payable transactions between an organization and its suppliers or customers. The two most common methods of accounts payable reporting are the cash basis and the accrual basis. These two methods record transactions in different ways, so they can be used for different purposes.