define payable accounting
Definition of 'accounts payable'. accounts payable in Accounting (ÉkaÊnts peÉªÉbÉl) or AP. noun. ( Accounting : Financial statements , Balance sheet ) A company's accounts payable are all the money that it owes to other companies for goods or services that it has received, or a list of these companies and the amounts owed to them. 1  On the liabilities side, the accounts payable to suppliers, wages payable to employees, and taxes payable are current liabilities.