The term “accounts payable” is an accounting term that refers to any type of financial obligation that a company has with suppliers, contractors and other parties who have not yet received payment. A business may choose to pay these obligations on a cash-basis, paying each one as it comes in. An alternative is to create a schedule for paying them off, so that the company pays all of its invoices from various service providers within a certain time period (for example, all invoices for January must be paid before February 1st rolls around). As you can imagine, this is where Accounts Payable Solutions comes in—it’s a system for managing your accounts payable.