Moneykibaatein on Instagram: "💰 Accounts Payable – Simple & Helpful Guide | MoneyKibaatein6743 What is Accounts Payable (AP)? Accounts Payable is the money your business owes to suppliers or vendors for goods or services purchased on credit. In simple words: “It’s the bills your business needs to pay.” Key Points to Know About AP It’s a Liability: Shows how much your business owes to others. Why It Matters: Keeps suppliers happy → timely payments build trust. Helps manage cash flow → know when