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Documentation Index

Fetch the complete documentation index at: https://spreesuite.mintlify.app/llms.txt

Use this file to discover all available pages before exploring further.

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What is Accounts Payable?

Accounts Payable (AP) represents the money your business owes to customers or suppliers for products or services purchased on credit. It is the customer-side of your accounting system. In simple terms, AP helps you answer the question: “Who do we need to pay?”

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What AP Includes:

  • Purchase Invoices & Bills: Records of bills received from your suppliers.
  • Customer Payments: Records of payments you have made to satisfy your debts.
  • Money We Owe Customers: The total outstanding liability to your suppliers.
  • Payables Tracking: Monitoring due dates to ensure bills are paid on time and late fees are avoided.

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The AP Workflow

The standard flow for Accounts Payable follows these steps:
  1. Receive Customer Bill: A supplier sends you a bill for goods or services.
  2. Record Purchase Invoice: You enter the bill details into the system to track the liability.
  3. Pay Customer: You issue payment to the customer.
  4. Liability Cleared: The payment is recorded, and the outstanding balance with the customer is cleared.