Accounts Payable consists of everything your business owes to creditors. Accounts Payable usually refers to short-term debt. Which are the things you plan to pay off within 1 year. Accounts Payable is very important for a business to run efficiently and for financial success. With out managing Accounts Payable in a timely manner late fees can occur costing the business more money. We will manage your bills, enter your vendor invoices, code them to the correct expense account as well as pay them on behalf of your company, per your approval.