Accrued Expenses & Accounts Payable: What’s the Difference?

Accrued Expenses & Accounts Payable

Expenses are a natural part of every business. Your business’s expenses must be properly tracked and recorded to achieve success and keep your business operational. Although all expenses are considered a liability, there are vital differences between accrued expenses and accounts payable. Accrued Expenses Accrued expenses are debts your company owes for services or goods […]