Credit Accounts Payable is the money owed by a business to its suppliers for goods and services that have been purchased on credit. This type of account is usually tracked on a company’s balance sheet and is a key component of the company’s financial health. It is important to keep track of these accounts and ensure that they are paid on time in order to maintain a good relationship with suppliers and maintain a healthy cash flow. Credit Accounts Payable can also be used to take advantage of discounts offered by suppliers for early payment. It is important to keep a close eye on these accounts to ensure that the company is not taking on too much debt and is able to pay its suppliers on time.