It is distinct from notes payable liabilities, which are debts created by formal legal instrument documents. Accounts Payable: Accounts payable (AP) is money owed by a business to its suppliers shown as a liability on a company's balance sheet.General Ledger: Creating and keeping track of business transactions and activities to monitor financial operations.Financial Statements: Obtaining and creating formal records of business activities and cash flows to provide results for financial performance. CPA: A CPA, or Certified Public Accountant, is a trusted financial advisor who helps individuals, businesses, and other organizations plan and reach their financial goals.This number represents the median, which is the midpoint of the ranges from our proprietary Total Pay Estimate model and based on salaries collected from our users.
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