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Description
Accounts Receivable and Accounts Payable are two different terms. They relate to the same account but with different functions. As you can gather, an account is a temporary holding place for your business's incoming payments, such as invoices or checks. An account payable is an account set up for vendors who have paid for goods and services purchased from your business. This article pharmbills.com/blog/difference… will discuss how these two accounts interact with each other and give you insight on which ones you should use for handling financial transactions with clients.

Description
Accounts Receivable and Accounts Payable are two different terms. They relate to the same account but with different functions. As you can gather, an account is a temporary holding place for your business's incoming payments, such as invoices or checks. An account payable is an account set up for vendors who have paid for goods and services purchased from your business. This article pharmbills.com/blog/difference… will discuss how these two accounts interact with each other and give you insight on which ones you should use for handling financial transactions with clients.