accounts payable vs accounts receivable. AP is money that a business owes its suppliers or vendors for products or services bought on credit. A liability is shown on the company's balance sheet when it comes to debt. AR refers to the money customers owe the business for goods or services given on credit. It has value. Proper handling of AP and AR ensures that there is enough cash flow. In the end, AP means what you owe to others and AR refers to what others owe you.

Account payable and receivable are not the same accounts. It account payable you have to pay money to other people and in receviable you have to get money from other people.
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