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Accounts Payable (Topic Outline)


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Read our Explanation (6 Parts) Free

Our Explanation of Accounts Payable provides insights on the bill paying process in a large company. Included are discussions of the three-way match, early payment discounts, end of period accruals, and more.

Part 1Introduction to Accounts Payable, An Account Payable is Another Company's Account Receivable
Part 2Accounts Payable Process
Part 3Related Expense or Asset, End of Period Cut-Off, Accruing Expenses and Liabilities
Part 4Adding General Ledger Accounts, Invoice Credit Terms
Part 5Early Payment Discounts vs. Need for Cash, Other
Part 6General Ledger Account: Accounts Payable
Take our Practice Quiz Free

This 20-question quiz is a fast way to assess your understanding of the Accounts Payable Explanation. It's also a great warmup for our Quick Test.

Review our Q&A Free

We've answered 24 popular questions related to the topic Accounts Payable. Review them all or use the search box found at the top of each page of our website for your specific questions.

Review our Flashcards

Our flashcards for the topic Accounts Payable will help you master key terms and definitions. You can view them on any device or print them out.

Solve our Word Scramble Free

If you find Accounts Payable terminology difficult, this Word Scramble will provide clues (scrambled answers) to assist you.

Solve our Crossword Puzzle Free

We created this crossword puzzle for you to learn, review, and retain terminology for the topic Accounts Payable in a more fun format.

Review our Cheat Sheet

Our Accounts Payable Cheat Sheet defines the terminology used in the accounts payable function of a business.

Take our Quick Test #1

This graded 20-question test measures your understanding of the topic Accounts Payable. Discover which concepts you need to study further and enhance your long-term retention. All of our quick tests can be taken online and/or printed.

Take our Quick Test #2 with Coaching

This graded 15-question test provides coaching to guide you to the correct answers. Use our coaching to learn the WHY behind each answer and deepen your understanding of the topic Accounts Payable.

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  • Debits and Credits
  • Adjusting Entries
  • Financial Statements
  • Balance Sheet
  • Income Statement
  • Cash Flow Statement
  • Working Capital and Liquidity
  • Financial Ratios
  • Bank Reconciliation
  • Payroll Accounting
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Certificate - Debits and Credits
Certificate - Adjusting Entries
Certificate - Financial Statements
Certificate - Balance Sheet
Certificate - Income Statement
Certificate - Cash Flow Statement
Certificate - Working Capital
Certificate - Financial Ratios
Certificate - Bank Reconciliation
Certificate - Payroll Accounting

About the Author

Harold Averkamp

For the past 52 years, Harold Averkamp (CPA, MBA) has
worked as an accounting supervisor, manager, consultant, university instructor, and innovator in teaching accounting online. He is the sole author of all the materials on

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