Accounting MascotAccounting Q&A

If I bill for a job, would that go under accounts payable?
submitted by Walter Seznick

tilly mook

Billing a client isn't recorded in accounts payable. Payables are the accounts YOU need to pay. Receivables are the ones you receive from your customers.

ernest

No, billing for a job doesn't go under accounts payable. Accounts payable is more for when your company owes money to suppliers or vendors. If you're billing a client, that goes under accounts receivable, since they owe you money.

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