Description

Accounts payable refers to the amount of money a company owes to its creditors for goods and services received. It is considered a liability on the company's balance sheet and is crucial for managing cash flow.

Interpreter Notes

Interpreters should be aware that 'cuentas por pagar' is the standard term used in formal financial contexts. Common variants may include colloquial phrases like 'deudas a pagar', which should be avoided in professional settings to maintain clarity.

Example Sentences

EN: The company's accounts payable have increased significantly this quarter.

ES: Las cuentas por pagar de la empresa han aumentado significativamente este trimestre.

Common Interpreter Mistakes

Confusing 'accounts payable' with 'accounts receivable'; misinterpreting the term as a general debt instead of a specific liability; using informal terms that may not be understood in a formal context.