Invoice Accounts Payable might sound like a mouthful, but the concept is actually quite simple. In basic terms, Accounts Payable is the amount of money your company owes to its suppliers for goods or services purchased on credit. An invoice is a document that outlines what you owe and when you need to pay it by. In order for your accounts payable system to run smoothly and accurately, invoices need to be sent out regularly and paid promptly. Doing so helps maintain strong relationships with your vendors and ensures that your finances are in order. So if you’re looking to stay on top of your numbers and keep your business running efficiently, getting an efficient handle on your invoice accounts payable is a must.